Liontrust reports slightly higher net outflows

(Sharecast News) - Liontrust Asset Management reported net outflows of £1.3bn for the three months ended 31 March in an update on Tuesday, slightly above the £1.2bn recorded in the same period last year, as challenging market conditions continued to weigh on investor sentiment. The London-listed firm said assets under management and advice fell 8.1% over the quarter to £22.6bn.

By 10 April, total assets had declined further to £21.6bn, reflecting continued market volatility and investor redemptions.

Despite the outflows, the company said it was progressing with its strategic initiatives, including expanding its investment capability and international distribution.

Liontrust also noted it was completing the implementation of its enhanced operating model, aimed at improving efficiency and supporting long-term growth.

"It feels that over the past few years, the only certainty has been uncertainty," said chief executive officer John Ions.

"The current day-to-day unpredictability and fluctuations in markets reinforces our belief in active management and the long-term power of robust and repeatable investment processes.

"Our focus remains on what is within our control; we continue to develop the business and are confident we have been making the right changes to ensure it is in the best possible shape for the future."

At 0906 BST, shares in Liontrust Asset Management were up 0.51% at 336.72p.

Reporting by Josh White for Sharecast.com.