InvestmentsJun 28 2018

Growing interest in sustainable investing boosts Liontrust

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Growing interest in sustainable investing boosts Liontrust

Liontrust reported increased assets under management to £10.5bn, driven by demand for its sustainable investment products.

The fund house's latest results, which cover the period to the end of March 2018, show Liontrust's sustainable investment team now manages £3bn of assets.

Liontrust bought Alliance Trust Savings last year and with it a number of its sustainable investment products.

The company also launched three new bond funds for David Roberts and Phil Milburn, who joined from Kames Capital during the year. Those funds now have assets of £214m.

Total assets grew by 61 per cent over the course of the year and in the period between the end of Liontrust's financial year and the publication of its results this week these had grown again to £11.3bn.

Profits were £27.4m, an increase of 59 per cent on the previous year. This figure was boosted by £4.5m of performance fee revenues, with revenues overall growing by 49 per cent to £77m.

John Ions, chief executive of Liontrust, said: "We have made substantial progress over the past year, posting impressive net sales and growth in assets under management, a significant increase in revenue and profit, and broadened our fund management capability and client base.

"The sustainable investment team has delivered strong performance in an area of increasing client focus.The new financial year has begun well, raising £202m for the launch of three funds managed by our Global Fixed Income team.

"This demonstrates the continued demand for active fund managers with robust investment processes and proven track records."

The company will pay a dividend of 16p, an increase on the 11p paid the previous year.

david.thorpe@ft.com