Investments  

Liontrust to shift focus to ethical funds

Liontrust to shift focus to ethical funds

Liontrust Asset Management has reported a 9.5 per cent increase in its assets under management for the quarter to 31 December 2017.

The company managed £10.6bn at year end, with £571m of that coming as a result of net inflows.

The company said it intends to focus more resource on growing the sustainable investment side of its business. The sustainable investment products were acquired from Alliance Trust on 1 April 2017.

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John Ions, chief executive of Liontrust said: “The focus on and assets being invested in sustainable investing continue to increase.

"The sustainable investment team has been a significant contributor to the expansion of the business since joining Liontrust at the start of last April, with the assets under management it is managing increasing by nearly £500m to just shy of £3bn.”

Alongside the update, Liontrust confirmed the hiring of Donald Phillips, a bond fund manager who previously worked at Baillie Gifford.

He joins Phil Milburn and David Roberts, who are joining Liontrust as fixed income managers, having most recently worked at Kames.

Liontrust intend to launch three new bond funds for this team to manage.  

David.Thorpe@ft.com