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Liontrust Asset Management Q3 net outflows narrow

(Sharecast News) - Fund manager Liontrust Asset Management said on Wednesday that it had seen net outflows of £1,02bn in the three months ended 31 December, narrowing from £1.55bn a year earlier. Liontrust Asset Management said third-quarter assets under management and advice stood at £21.5bn at the end of December, with two mandate wins helping drive £330m of institutional net inflows during the period.

The FTSE 250-listed firm added that AuMA at 31 December totalled £21.46bn, and had risen to £21.7bn by 10 January.

Chief executive John Ions said: "Our confidence in the outlook for Liontrust is reflected in the investment made in the business and the ongoing share buy backs. In ensuring that we deliver for clients through disciplined, long-term active management and excellent client service and communications, we can return the business to growth."

Reporting by Iain Gilbert at Sharecast.com

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