liontrust doubles aum in latest financial year

Liontrust AM has announced a doubling of its assets under management during the current financial year, ending 31 March.

liontrust doubles aum in latest financial year

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At the end of March last year, the firm boasted £1.5bn in AUM, a figure which increased in six months to £2.4bn at the end of the September.

At the end of March this year, following 11 consecutive quarters of net inflows, the firm now holds £3bn.

These figures were boosted by £233m in net inflows in the first quarter of 2013 – more than three times the year-on-year figure – and £486m throughout the entire 12-month period.

Chief executive John Ions commented: “While stock markets have made a strong start to 2013, the investment outlook, at best, could be considered challenging.

“The implementation of RDR at least initially appears to have contributed to lower net industry sales. In January, for example, net retail sales were less than half of those in December 2012 and the lowest since August 2012, according to the Investment Management Association. I am confident this will improve as advisers and clients get to grips with the new charging structures.”

In February, Liontrust launched its Dublin-based Liontrust GF Global Strategic Bond Fund, managed by Michael Mabbutt, offering a flexible mandate to investors looking to outsource the asset allocation between different segments of the global credit, bond and currency markets.

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