Liontrust hit by £3.2bn outflow as UK equities funds suffer
Assets under management fell 12% over the six months to £27.7bn.
Assets under management fell 12% over the six months to £27.7bn.
Gross inflows were up 38% to £1.8bn
Net inflows including cash were €2.3bn (£2bn)
The firm booked new business of £600m in first quarter
Customer numbers increased by 50,880 to 476,532
AUMA at £101.4bn on 30 September
Assets dipped 5.8% to £37.4bn in last three months
Operating profit fell to £113.5m from £234.8m
Net new business fell to £4.8bn from £5.5bn
Platform flows have fallen from £2.4bn to £1.2bn over one year
The firm reported operating profit of £142m for the first half
‘Strategic rebalancing’ towards higher growth and increased longevity areas