The firm’s UK retail business reported net inflows of £143m, which, when combined with a solid investment performance, pushed assets under management to £4.3bn, from £3.8bn at the beginning of the period.
Liontrust CEO, John Ions, pointed out that the group’s retail business now had more than £3bn in AUM, a sum indicative of the strides made over the last four years to develop its distribution capability.
“This success is testament to our strict adherence to rigorous investment processes across our fund management teams, our belief that investment is about the long-term outcome and not being distracted by market noise or chasing short-term fads and our high standards of client service,” Ions said.
According to Numis Securities analyst David McCann, Liontrust’s funds under management came in exactly inline with expectations and expects the firm to deliver substantial EPS growth over the next few years.
This growth expectation is predicated on continued strong organic growth and some further operational gearing, he said, adding: “Long term, we believe Liontrust, with a strong UK retail franchise, will benefit from the structural shift we see in pensions from an institutional (DB) product to retail (DC).”
