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Liontrust passes £6 billion AUM on record inflows

Liontrust passes £6 billion AUM on record inflows

Liontrust saw £190 million of net inflows in the last three months of 2016, which resulted in assets under management passing the £6 billion mark. 

Year-on-year this is a 259% increase compared to the £53 million inflows in 2015.

This brings the total for the financial year to December 2016 to £282 million. The UK retail business saw the majority of inflows, which is up from £163 million in the period between 1 April to 31 December 2015.

In a trading update, the company said that it is continuing to invest in its internal infrastructure which includes the implementation of a new dealing system.

It is also integrating its sales and marketing teams following the recent appointment of Ian Chimes from Miton as head of global distribution. 

Chief executive John Ions (pictured), said: ‘This continued growth reflects the excellent long-term performance across our fund management teams and is a testament to our focus on robust investment processes and expanding our client base.

‘The asset management industry is facing a number of significant challenges and opportunities as we enter 2017, including through regulatory, political and economic changes. We are well placed to deal with the challenges and to exploit the opportunities during this unprecedented environment given the ongoing development of the business.’

Last month, the asset manager announced the acquisition of Alliance Trust Investments for £30 million. The company revealed that the deal, which will add around £2.3 billion to Liontrust's assets, is expected to complete in April.

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