The turnaround at Liontrust Asset Management is on course to extend into a ninth quarter as the group celebrated more inflows.
With a few days left before the quarter ends, inflows at the investment boutique stand at £88 million, leaving it on course to register its ninth consecutive positive quarterly inflow. Overall net inflows for the year ended 24 September amount to £181 million.
Assets under management – helped by the acquisition of Walker Crips’ asset management business – rose from £1.53 billion at the end of March to £2.36 billion.
Investors have been drawn to some strong performance across Liontrust’s fund range, including first quartile performance on the Liontrust Special Situations and UK Smaller Companies funds over the one, three and five years.
'The success of the last two years continues to be a testament to our commitment to delivering performance across our investment teams and the tremendous progress made in distribution and the profile of Liontrust,' chief executive John Ions (pictured) told the stockmarket.
‘Achieving good long term performance through consistent robust investment processes will always be the core strength of our business. The need for long-term savings has never been greater and thus there is a tremendous opportunity for well managed, focused businesses to provide solutions for investors.’
Ions also emphasised the threat distributors posed in the tougher regulatory climate. 'The changes brought on by RDR should not be underestimated. There may be much focus on price and consumer outcomes but it has also clearly identified that distribution power is now vital.'
'An even greater amount of fund flows will be controlled by fewer more powerful distributors. These changes will create tremendous opportunities and pose significant threats to asset managers both big and small. Fund managers who understand their clients' needs and are able to meet them over the long term through clearly defined investment processes have a great opportunity ahead.'