Liontrust Asset Management net inflows and AUM rise in last quarter

Specialist independent fund management company Liontrust Asset Management PLC (LON: LIO) issued a trading update for the period from 1 April to 30 June.

The Company noted that net inflows more than doubled from £320 million for the same period in 2018, to £725 million for the quarter in 2019.

Further, assets under management increased by 11% from £12.7 billion on 31 March, to £14.1 billion on 30 June 2019.

Liontrust Asset Management comments

Company Chief Executive John Ions, said,

“Liontrust has had a successful start to the new financial year, with net inflows of £725 million over the quarter and AuM reaching £14.1 billion on 30 June 2019. This maintains the momentum behind the business of the past year and shows that our growth strategy is on track.”

“This has been achieved through strong long-term investment performance, the quality of Liontrust’s sales and marketing, the increasing breadth of our client base and the robust infrastructure of the business.”

“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.”

The Company did caveat these projections and insights, however,

“These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust’s actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements.”

Investor notes

The Company’s shares rallied 2.85% or 22p a share to 794p a share 11/07/19 16:35 GMT. Numis analysts reiterated their ‘Add’ stance on Liontrust stock.

Elsewhere in asset management; Mattioli Woods (LON:MTW), Intermediate Capital Group plc (LON:ICP) and Babcock International Group PLC (LON:BAB) posted updates.

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Senior Journalist at the UK Investor Magazine. Also a contributing writer at the Investment Observer, UK Property Journal and UK Startup Magazine. Postgraduate of King's College London with a specialisation in Business Ethics. Interested in Development Economics and David Hume.