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Liontrust bucks trend to attract £581m in UK equity bonanza

Liontrust Asset Management’s first quarter inflows more than doubled to £581 million, driven by inflows into its UK equity fund range.

Liontrust bucks trend to attract £581m in UK equity bonanza

Liontrust Asset Management's first quarter inflows more than doubled to £581 million, driven by inflows into its UK equity fund range.

Net inflows were up from £255 million the previous year and took total net inflows for the financial year up to £1.8 billion, ahead of the £1 billion recorded in the previous financial year.

Total assets under management (AUM) now stand at £12.7 billion, up from £10.5 billion at the end of March 2017 and £11.2 billion at the end of last year.

The firm’s fixed income range, led by David Roberts, Phil Milburn and Donald Phillips, who joined the firm from Kames last year, has also been a driver of inflows, with the trio now managing £419 million.

Chief executive John Ions (pictured) said: ‘It has been a successful year for Liontrust. Our AUM has increased by 21% to £12.7 billion, which has been driven by record net inflows of £1.8 billion. Over the past three months alone, we have delivered net inflows of £581 million. 

‘This success comes at a challenging time, with negative retail fund flows across the UK industry as a whole in six of the last seven months up to and including February 2019. Equity funds in aggregate have suffered net outflows in nine out of the last 10 months, totalling £3.5 billion.

‘Our economic advantage team continue to deliver strong performance and net inflows for their Special Situations, UK Small Companies and UK Micro Cap funds.’

He added: ‘The global fixed income team of David Roberts, Phil Milburn and Donald Phillips joined Liontrust early in 2018. With the one year anniversary of their first fund launch approaching on 13 April, the team are managing a total of £419 million. This shows the high regard in which investors hold this fund management team, their experience and track record.’        

 

 

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