Liontrust has posted its eight consecutive quarterly inflow supported by strong performance across its fund range.
The investment boutique defied the challenging conditions in the three months to the end of June to register a £93 million inflow. This, along with the acquisition of Walker Crips Asset Management, helped assets under management rise from £1.529 billion to £2.135 billion.
This trend has continued into the current warning, with inflows from 1 July to 17 July standing at £39 million, lifting assets under management to £2.19 billion.
Commenting on the performance, Liontrust chief executive John Ions (pictured) told the market: ‘One of the key factors behind these sales has been our strong fund performance over the long term.’
Investors have been drawn to a number of top performing funds in the Liontrust stable. These include the Special Situations, UK Smaller Companies, European Growth, Macro Equity Income, and Macro UK Growth funds, which are all top quartile performers over three years.
Ions is confident the group can continue to conquer the uncertain conditions.
'We are confident that we will continue to grow our AuM and maintain positive net inflows despite the challenging market and economic environment,’ Ions said.
‘This optimism comes from our strong fund performance, having extended our fund management capability into Asia and Emerging Markets equities, an expanding distribution and client base and being well positioned for the changes to the distribution market following the implementation of the retail distribution review.’