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Trading statements

Liontrust sees strong retail inflows

06 July 2017 09:56

Liontrust Asset Management's UK retail net inflows totalled £177m in the three months to the end of June - the second highest quarterly inflow for over seven years.

Assets under management at close of business on 30 June totalled £9,253m (31 March: £6,523m) with acquisitions adding £2,518m.

Chief executive John Ions said: "The development of our brand and distribution over the last few years, coupled with strong investment performance, is again demonstrated by net retail flows of £177 million over the past three months.

"Total net flows of £22 million have been impacted by a single repatriation of assets from one institutional client.

"We welcome the FCA Asset Management Market Study given that the low savings ratio is a problem for the country.

"As active fund managers, there is a key role for us to play in helping investors meet their financial requirements. The moves to improve transparency, communication and value are steps in the right direction. "There is a significant role for the asset management industry to play in alleviating the savings problem.

"I believe Liontrust is in a strong position to achieve this with our focus on active fund management, investment processes along with client service and communications."

At 9:56am: (LON:LIO) Liontrust Asset Management PLC share price was -2.38p at 442p

Story provided by StockMarketWire.com

Related Company: LIO

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