View the article online at http://citywire.co.uk/wealth-manager/article/a760069
Liontrust sees £190m net inflows in Q2 pushing AUM to £3.8bn
by James Phillipps on Jul 03, 2014 at 07:40
Liontrust attracted £190 million of net inflows in the second quarter, helping push the group's total assets under management up to £3.8 billion.
This was down from £302 million in the same period last year, although £179 million of that figure was down to the launch of its credit strategy.
The Global Strategic Bond fund was launched for Michael Mabbutt last February. who joined from Thames River to become Liontrust's head of global credit. The fund has a tough start and is down 5.89% over one year ranking it 94 out of 111 funds in the Citywire Global Bonds sector.
Chief executive John Ions said: 'Liontrust continues to make good progress. Our strategy, combined with the talent at Liontrust to execute it, puts us in an excellent position to capitalise on the opportunities ahead.'
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