Liontrust's UK retail funds attract £300m in six months


John Ions, chief executive of Liontrust

Liontrust has seen net inflows for the half-year to 30 September nearly double compared to the previous year, taking in £303m into its UK retail offerings, although institutional funds suffered outflows.

The firm’s institutional range saw outflows of £160m over the six-month period, taking the closing AUM down to £966m. 

However, overall inflows reached £178m over the six months to 30 September, nearly double the £92m seen during the same time last year.

Assets under management increased by 48% during the period, largely thanks to the purchase of Alliance Trust Investments which completed in April 2017, to stand at £9.6bn by 30 September. By close of business on 9 October, AUM rose further to £9.8bn.

Meanwhile, Alliance Trust Investments has seen assets grow by 10% to £2.8bn in the six months since the acquisition.

John Ions (pictured), chief executive, said: “The [Alliance Trust Investments] team has integrated extremely well and, with impressive performance over a long period, it is well placed to benefit from the increasing demand for sustainable investment.

“The recent hiring of David Roberts and Phil Milburn from Kames Capital, who will join in January, further diversifies our fund manager capability. They have a successful track record of managing a range of fixed income funds and have a strong following among investors in the UK and Continental Europe.”

Commenting on the outlook for the industry, the CEO added: “Asset managers have some key decisions to make over the next year that will determine the shape and success of their businesses in the future. While making these decisions, it is imperative to have a clear vision and focus of what your clients want going forward.

“Like our investors, we have a long-term goal and are mindful that getting caught up in the short-term noise must not distract us from this. We are well placed to embrace the opportunities and deal with the challenges of the future.

“This comes through our ability to adapt, the strength and breadth of our fund management teams, the relationships and engagement we have with our clients, our brand profile and the trust investors place in us, and the fact we have a clear strategy and vision for where we are taking Liontrust.” 

About the author

Anna is news editor at Investment Week, having joined the title in January 2013. She covers the ETF beat and is responsible for the regular podcast series.

Prior to this role, she worked at Investment Europe covering European investment markets. She began her journalism career at Euromoney Institutional Investor in 2011.

 

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