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Liontrust's assets surge 13% in first half of year
by James Phillipps on Sep 26, 2013 at 07:29
Liontrust saw net inflows of £312 million in the first half of the year, taking its total assets under management up 13% to £3.4 billion.
In a stock market update, the fund group said average monthly gross fund sales were running at £136 million between which March and September, the first half of its accounting year, up from £107 million in its last financial year.
Some 72% of Liontrust’s assets are retail with 15% institutional money and the remainder in offshore mandates.
Chief executive John Ions (pictured) said: ‘After a strong first quarter, it is particularly pleasing to have weathered the more turbulent second quarter with a small positive net inflow but maintaining strong headline gross sales.
‘This highlights the great progress made in both marketing and sales over the last few years. Average monthly gross sales in the last financial year were £107 million compared to £136 million in the current financial year to date.’
‘Liontrust continues to be well positioned for the future with a very clear product proposition and strong investment disciplines and processes across all our fund management teams.’
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