Liontrust records net inflows of £255m

Liontrust records net inflows of £255m

Liontrust Asset Management has reported net inflows of £255m for the year ending March 31 2016, driven primarily by the UK retail business.

The annual results showed that while the institutional business recorded net outflows of £48m, this was more than offset by the UK retail division receiving £223m of net flows while the Managed Portfolio Services (MPS) added a further £54m.

While the overall inflows of £255m are below the £667m recorded in 2015, which included £315m of institutional net inflows from a single client, it has helped boost the firm’s assets under management by 7 per cent to £4.8bn up from £4.5bn in March 2015.

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The majority of the assets, approximately £2.6bn, sit within the firm’s Economic Advantage process, while a further £969m of assets are in the Macro Thematic process.

In addition the firm announced in the results statement that after six year Adrian Collins will be moving from executive chairman to non-executive chairman at the next annual general meeting.