Liontrust Asset Management has seen its net outflows reduce by 34.9% in its latest quarterly results, published on the London Stock Exchange today (22 April).
Net outflows for the business amounted to £800m during the three-month period to the end of March 2026, compared with £1.5bn of outflows during the same quarter last year.
Gross outflows for Q1 2026 reached £1.1bn, with £888m (83.2%) of these stemming from Liontrust’s UK retail funds and model portfolios.
Assets under management and advice stood at £19.6bn at the end of March, although this has increased to £20.8bn as at 20 April.
See also: ‘Way too little, too late’: GAM calls for a strategic review of Liontrust
The largest percentage of assets are held in the firm’s sustainable investment propositions at £5.3bn. Most of this is UK retail investor money, at £4.8bn of assets, while smaller proportions are held in offshore funds and by institutional investors.
Cashflow solution products and multi-asset funds came in second and third place, respectively, with assets under management of £4.1bn and £3.6bn. The firm’s Economic Advantage range of funds held £2.2bn in assets as at the end of March, with £1.7bn of this held by UK retail investors.
Two institutional mandates of more than £500m in aggregate were awarded to Liontrust during the quarter, which the firm expects to be funded before the end of May this year.
Last week, shareholders of River Global also approved an acquisition by Liontrust, which will add a further £2.6bn in assets under management to the business. This excludes the firm’s European Opportunities trust, which is undergoing a strategic review.
John Ions, CEO of Liontrust, said the proposed acquisition is “another step forward” for the business. “[River Global] will expand Liontrust’s range of investment styles, including value, and broaden our client base.
“There has been a positive reaction from clients and shareholders of Liontrust and River Global to the deal, and we have identified demand for [River Global] funds from among Liontrust’s existing client base.”
Commenting on Liontrust’s results more broadly, the CEO added the company is “benefitting from investor diversification away from US equities and increasing demand from clients for active management, led by strong performance across our European strategies”.
“As Liontrust enters the new financial year, we are well positioned to drive organic growth, realise benefits from the proposed acquisition and take advantage of the increased demand for active management.”
