Liontrust boosts AUM 61%

Sustainable investment and global fixed income products boosted Liontrust’s assets under management by 61%, according to its latest full-year results.

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The asset manager revealed its AUM jumped from £6.5bn to £10.5bn in the 12 months to 31 March.

During the year, it saw inflows of £1bn and revenues of £77m, up from £482m and £51m, respectively, the previous year.

Liontrust also reported that pre-tax profit was £12.3m, an increase of 35% from £9.1m.

John Ions, chief executive at Liontrust, said “substantial progress” had been made over the year, with increasing investor interest in its sustainable investment and global fixed income products.

Over the year, Liontrust launched three funds for the global fixed income team, representing a total of £214m AUM.  The sustainable investment team joined on 1 April 2017 and its AUM now stands at £3bn.

Ions said: “The new financial year has begun well, raising £214m for the launch of three funds managed by our global fixed income team. This and good flows into other teams has now taken our AUM to £11.3bn compared to £6.5bn on 1 April 2017.”

Liontrust also announced a second interim dividend per share of 16p will be payable on 10 August, up from 11p last year. This brings the total dividend per share for the financial year to 21p, up from 15p in 2017.

Separately, the firm announced the hire of Frank Doyle as head of institutional business. He joins in September from Investec Asset Management, where has been sales director for 12 years.

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