Total assets held have fallen to £1.179bn at the end of September from £1.256bn at the end of March. Net sales have been positive for the fifth consecutive quarter, with a figure of £45m in the past three months and £58m for the past six months.
The firm’s retail business is still responsible for the majority of its sales, with £79m of gross inflows (compared to £38m of institutional money) and £52m of outflows (£15m institutional). Market movements also wiped £99m off its retail asset numbers, £77m for its institutional side.
In a statement alongside the announcement of these results, John Ions, Liontrust’s chief executive, said: "Another strategic aim has been to diversify into new asset classes, which we will do on completion of the acquisition of Occam [Asset Management].
"Asia and emerging markets will be two of the fastest growing areas over the long term and our distribution will be broadened through being able to offer these asset classes. Distribution will also be enhanced through the addition of Occam’s international client base.”
