Liontrust net inflows and AUM increase in Q3
Liontrust Asset Management
668.00p
14:49 26/04/24
Asset manager Liontrust said on Wednesday that net inflows were £832.0m in the three months ended 31 December, up from £792.0m at the same time a year earlier, while assets under management and advice had increased 20% year-on-year to £37.2bn.
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14:49 26/04/24
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Liontrust stated its quarter of "impressive sales" was the result of its continued focus on meeting client expectations and "strong investment processes" at a time of "increased market volatility".
The FTSE 250-listed firm also revealed that Majedie Asset Management, which it proposed the acquisition of on 7 December 2021, will add £5.8bn of assets under management when the acquisition completes in April, subject to regulatory approval.
Chief executive John Ions said: "I am confident about maintaining our growth given the strength of Liontrust's investment capability, distribution and communications and therefore continuing to deliver for our clients and investors."
As of 0910 GMT, Liontrust shares were down 3.22% at 1,783.13p.