Liontrust has kept its momentum going, attracting £1bn of new client money in the three months to the end of June, while assets at Ashmore have bounced back thanks to positive flows and a recovery in emerging markets.
Liontrust’s assets under management and advice (AUMA) jumped 8.5% during the second quarter, reaching £33.6bn as of 30 June 2021. By 12 July total assets had surged to £34bn.
Net inflows over the period were 3% higher compared to the £971m brought in over the same period last year.
Chief executive John Ions said: “Liontrust has delivered a strong first three months of the financial year with positive net inflows of just over £1 billion. This has helped Liontrust’s AUMA reach £34.0 billion as at 12 July 2021.”
Liontrust’s explosive growth over the past year has been spurred by demand for its sustainable investment funds.
Between the end of March and June a further £1.7bn was added to its sustainable investment business, taking total assets up to £11.9bn.
Its economic advantage business was the second largest in its stable with £9.5bn in assets at the end of June, followed by multi-asset which had £7.3bn.
Despite its recent wins Liontrust failed to scrape together enough cash to get its hotly anticipated ESG Trust off the ground earlier this month.
See also: Scrapped Liontrust ESG Trust launch reflects challenging environment for fund raisings
Ashmore assets boosted by institutional mandate wins
It was also a good quarter for Ashmore which raked in $1.1bn (£790m) worth of net inflows as emerging markets bounced back from the drawdown in the first three months of the year.
Coupled with $3.4bn from positive market movements, AUM rose 5% to $94.4bn (£68.2bn) in the three months to the end of June.
According to the emerging market specialist, net inflows were driven by institutional clients encompassing new mandates in the overlay, equities, external debt themes, and further allocations to funds across fixed income and equities investment.
Mark Coombs, chief executive officer at Ashmore Group, said: “Overall, developing countries are emerging from the Covid-19 pandemic in a stronger position than developed markets: economic growth is higher, debt levels are manageable even after the recent fiscal stimulus, inflation is under control and hawkish central banks should ensure that remains the case.”
As of 30 June, blended debt accounted for the most assets, up at $23.4bn.
