Liontrust edges closer to £10bn AuM target as inflows soar

Liontrust Asset Management’s latest trading update has revealed it is within touching distance of hitting its £10bn target for assets under management (AuM).

Liontrust edges closer to £10bn AuM target as inflows soar

|

The fund management group’s update for 2016/17 shows AuM hit £6.5bn by the 31 March 2017, with the completion of its acquisition of Alliance Trust Investments pushing its AuM at the close of business on 3 April to £9.1bn.

The acquisition, which saw ATI’s sustainable investment team rebranded under the Liontrust umbrella, almost doubled its AuM which ended the period significantly higher than the £4.8bn reported at the same time last year.

Net inflows to the group’s funds stood at £482m by the end of the financial year, up on the £255m reported at the same time last year.

The firm also got off to strong start in 2017 with inflows in the first quarter of £200m, more than double the £92m of inflows reported in the first three months of 2016.

Chief executive John Ions said 2016/17 had been a successful year for the firm with a number of notable achievements.

 

MORE ARTICLES ON