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Liontrust in £1.0 billion net outflow but hails mandate wins

ALN

Liontrust Asset Management PLC said it suffered another quarterly net outflow, but it noted a boost from two new mandates and hailed a ‘good potential pipeline’.

The fund manager said assets under management and advice at December 31, the end of its third quarter, declined 2.5% to £21.46 billion, from £22.01 billion at the start of October. As of last week, assets under management and advice perked up slightly to £21.71 billion, Liontrust said.

Net outflows amounted to £1.02 billion, easing from £1.55 billion a year prior.

‘Liontrust received funding for two new mandates in the last quarter, leading to Institutional net inflows of £330 million in the period. We have a good potential pipeline and are focused on securing further mandates and returning to positive net inflows for the UK’s wholesale and retail markets,’ Chief Executive Officer John Ions commented.

Liontrust shares were up 0.4% at 247.53 pence each in London late on Wednesday morning.

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