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Liontrust posts second best retail inflow in seven years

Liontrust posts second best retail inflow in seven years

Lionstrust Asset Management recorded a net retail inflow of £177 million in the second quarter. 

The figure represented its second biggest quarterly inflow in seven years.  However, total net inflows were impacted by the 'repatriation' of assets from a single institutional clients, reducing the overall inflow to £22 million. 

Assets under management over the three months rose from £6.5 billion to £9.3 billion thanks in main to the acquisition of Alliance Trust Investments, which completed at the start of April. This added around £2.6 billion worth of sustainable assets to its books.

Liontrust highlighted strong long-term performance across its fund range as a factor behind its rise. 

It pointed out 14 out of its 21 UK-domiciled funds have delivered first or second quartile performance since launch. These include the Liontrust UK Growth, Special Situations and UK Smaller Companies funds. 

'The development of our brand and distribution over the last few years, coupled with strong investment performance, is again demonstrated by net retail flows of £177 million over the past three months,' chief executive John Ions (pictured) said in a statement. 

He also welcomed last week's study from the Financial Conduct Authority (FCA), which shook up the active fund industry. 

'We welcome the FCA Asset Management Market Study given that the low savings ratio is a problem for the country. As active fund managers, there is a key role for us to play in helping investors meet their financial requirements. The moves to improve transparency, communication and value are steps in the right direction,' Ions said. 

'There is a significant role for the asset management industry to play in alleviating the savings problem. I believe Liontrust is in a strong position to achieve this with our focus on active fund management, investment processes along with client service and communications.' 




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