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Liontrust Asset Management AUM up 15% in six month update

Liontrust Asset Management AUM up 15% in six month update

Thu 11 Oct 2018 07:19 by ukcitymedia.co.uk about : trading updates - 0 Comments - 6133 words


Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, today issues its half year end trading update for the six months ended 30 September 2018.

 

Highlights

 

·     Assets under management ("AuM") were £12.0 billion as at close of business on 30 September 2018 (31 March 2018: £10.5 billion), an increase of 15% over the six months period

 

·     Net inflows of £403 million in the three months ended 30 September 2018 and £723 million for the six months ended 30 September 2018

 

Commenting, John Ions, Chief Executive, said:

 

"This has been another strong six months of sales with net inflows of £723 million over this period and £403 million over the past three months alone.

 

Particularly pleasing is the fact that the flows into Liontrust funds are coming from a broader spread of clients and into an expanding number of strategies. There has been strong client demand over the past five months for the launch of the funds managed by the Global Fixed Income ("GFI") team and this has resulted in David Roberts, Phil Milburn and Donald Phillips now managing nearly £300 million across the Strategic Bond, High Yield Bond and Absolute Return Bond strategies.    

 

Demand for sustainable investment continues to rise and is reflected in the increase in our team's AuM from £2.5 billion when they joined Liontrust on 1 April 2017 to £3.4 billion. We believe our team's positive and thematic investment approach will continue to drive demand.

 

We are beginning to see a long anticipated increase in volatility in global bond markets and both our GFI and Sustainable Fixed Income teams are well positioned to manage our investors' money in this environment. They are very experienced teams, have strong long-term track records and have flexible investment mandates, and therefore we are confident they will continue to attract inflows into their funds.

 

The Economic Advantage funds have continued to deliver impressive performance against a weak market backdrop and have also enjoyed strong inflows despite the UK being overshadowed by Brexit uncertainty. This reiterates the desire of clients for strong investment processes as well as excellent long-term track records.

 

We are well positioned for the second half of our financial year given our strong fund management capability and our broader distribution reach. "

 

Funds under Management

 

On 30 September 2018, our AuM stood at £12,045 million and were broken down by type and process as follows:-

 

Process

Total

Institutional

UK Retail

Multi-Asset

Offshore Funds

 

(£m)

(£m)

(£m)

(£m)

(£m)

Cashflow Solution

1,008

553

334

-

121

Economic Advantage

5,962

397

5,467

-

98

Macro Thematic

261

84

165

-

12

European Income

199

-

199

-

-

Asia

122

-

112

-

10

Sustainable Investment

3,390

30

3,203

-

157

Global Fixed Income

272

-

126

-

146

Multi-Asset

786

-

-

786

-

Indexed

45

-

45

-

-

Total

12,045

1,064

9,651

786

544

 

Funds Flows

 

The net inflows over the three months to 30 September 2018 are £403 million (2017: £156 million). A reconciliation of fund flows and AuM over the three months to 30 September 2018 is as follows:-

 

Total

Institutional

UK Retail

Multi-Asset

Offshore Funds

 

£m

£m

£m

£m

£m

 

 

 

 

 

 

Opening AuM - 1 July 2018

11,424

1,177

8,982

756

509

 

 

 

 

 

 

Net flows

403

(143)

492

27

27

 

 

 

 

 

 

Market and Investment performance

218

30

177

3

8

 

 

 

 

 

 

Closing AuM - 30 September 2018



These are Summary / Highlights often including Chairmans Statement. Check at company website INVESTORS INFORMATION for full published results.


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