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Liontrust sees inflows of £1.4 billion over six months

John_IonsLondon-based Liontrust has reported double the inflows into its funds over the six months to the end of September compared to the same period in 2018.

The firm saw inflows of £1.4 billion (€1.6 billion) over the period, driven mainly by inflows into UK retail funds which saw £1.2 billion of new cash, while institutional products saw £44 million of redemptions.

Total inflows were nearly double the £723 million seen over the same period last year.

Chief executive John Ions said: “At a challenging time for the asset management industry, our clear focus on the fundamentals for success has enabled us to produce strong results.”

He added: “These sales have come during a difficult period for the funds industry in the UK. In the three months to the end of September 2019, there were net retail outflows of £4.6 billion from equity funds, with £2.3 billion coming from UK equity funds alone. Both of these set new records for net outflows.”

By the end of September, the firm’s assets under management (AuM) stood at £14.6 billion. Following Liontrust’s acquisition of rival Neptune Investment Management completed on October 1, AuM increased to £17.4 billion.

At close of business on November 18, Liontrust’s AuM stood at £17.9 billion.

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