Liontrust assets reach £14bn

Liontrust assets reach £14bn

Liontrust Asset Management's assets under management have risen 11 per cent in the second quarter of the year, boosted by £725m in net inflows. 

In a trading update published today (July 11), the group said the net inflows recorded in the three months to the end of June were more than double that of the same period last year.

Assets under management at the end of June stood at £14.1bn, with the largest contribution coming from the UK retail investment market at £631m, which more than offset the small amount withdrawn by institutional clients.

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John Ions, chief executive at Liontrust, said: "The level of net inflows also demonstrates the continued attraction of actively managed funds which can demonstrate rigorous and repeatable investment processes.   

"We are well positioned to sustain the company's growth trajectory and will accomplish this by maintaining focus on our business strategy, ensuring we continually meet client and investor expectations and through the excellence of our fund management, sales, marketing and administration teams."

Liontrust’s latest set of annual results showed total assets under management for the year to the end of March 2019 had reached £12.7bn, compared with £10.5bn at the same point in 2018.

Of this, £1.8bn came from net inflows, and the remainder of the growth from market movements. 

The sustainable investment team, which joined Liontrust in 2017 from Alliance Trust had assets under management of £3.74bn at the end of March, while the fixed income duo of David Roberts and Phil Milburn, who joined from Kames, as well as Donald Phillips, a high yield bond specialist who joined Liontrust from Baillie Gifford, raised £419m of assets in less than one year since launching their products. 

At the time company chief executive John Ions said the company would continue to seek new people in areas where it felt new products could be launched to meet investor demand.