TIDMLIO
RNS Number : 1058F
Liontrust Asset Management PLC
11 July 2019
Embargoed until 7am on 11 July 2019
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust" or the "Company"),
the specialist independent fund management group, today issues a
trading update for the period from 1 April to 30 June 2019 (the
"Period").
Highlights
-- Assets under management ("AuM") were GBP14.1 billion as at
close of business on 30 June 2019 (31 March 2019: GBP12.7 billion),
an increase of 11% over the Period
-- Net inflows of GBP725 million in the Period (2018: GBP320 million)
Commenting, John Ions, Chief Executive, said:
"Liontrust has had a successful start to the new financial year,
with net inflows of GBP725 million over the quarter and AuM
reaching GBP14.1 billion on 30 June 2019. This maintains the
momentum behind the business of the past year and shows that our
growth strategy is on track.
This has been achieved through strong long-term investment
performance, the quality of Liontrust's sales and marketing, the
increasing breadth of our client base and the robust infrastructure
of the business.
The level of net inflows also demonstrates the continued
attraction of actively managed funds which can demonstrate rigorous
and repeatable investment processes.
We are well positioned to sustain the Company's growth
trajectory and will accomplish this by maintaining focus on our
business strategy, ensuring we continually meet client and investor
expectations and through the excellence of our fund management,
sales, marketing and administration teams."
Funds under Management
On 30 June 2019, our AuM stood at GBP14.097 billion and were
broken down by type and process as follows:-
International
Process Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Cashflow Solution 1,012 570 350 - 92
Economic Advantage 6,923 242 6,554 - 127
Macro Thematic 133 - 133 - -
European Income 175 - 175 - -
Asia 125 - 111 - 14
Sustainable Investment 4,275 33 3,994 - 248
Global Fixed
Income 555 - 252 - 303
Multi-Asset 899 - - 899 -
Total 14,097 845 11,569 899 784
Funds Flows
The net inflows over the three months to 30 June 2019 are GBP725
million (2018: GBP320 million). A reconciliation of fund flows and
AuM over the three months to 30 June 2019 is as follows:-
International
Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Opening AuM - 1 April
2019 12,655 845 10,317 844 649
Net flows 725 (27) 631 29 92
Market and Investment
performance 717 27 621 26 43
Closing AuM - 30 June
2019 14,097 845 11,569 899 784
Fund Performance (Quartile ranking)
Quartile Quartile Quartile Quartile Launch
ranking - ranking ranking ranking Date/Manager
Since Launch/Manager - 5 year - 3 year - 1 year Appointed
Appointed
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Growth
Fund 1 1 1 1 25/03/2009
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Special
Situations Fund 1 1 1 1 10/11/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Smaller
Companies Fund 1 1 1 1 08/01/1998
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Micro
Cap Fund 1 - 1 1 09/03/2016
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro Equity
Income Fund 1 3 2 1 31/10/2003
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 4 2 01/08/2002
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 2 3 4 15/11/2006
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 2 4 3 05/03/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 4 4 4 2 15/12/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 4 3 30/04/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 4 3 4 03/07/2013
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Monthly
Income Bond Fund 2 3 1 4 12/07/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Absolute
Growth Fund 3 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Corporate
Bond Fund 1 2 1 3 20/08/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Cautious
Managed Fund 1 - 1 1 23/07/2014
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Defensive
Managed Fund 1 - 1 1 23/07/2014
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF European
Growth Fund 2 2 2 3 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Global
Growth Fund 3 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Managed
Fund 2 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Ethical
Fund 2 1 1 1 01/12/2000
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF UK Growth
Fund 2 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Source: Financial Express, total return (income reinvested and
net of fees), to 30 June 2019 unless otherwise stated, based on
primary share classes. The above funds are all UK authorised unit
trusts or UK authorised ICVCs (primary share class). Past
performance is not a guide to the future; the value of investments
and the income from them can fall as well as rise. Investors may
not get back the amount originally subscribed. Quartile rankings
correct as at 5 July 2019.
For further information please contact:
Liontrust Asset Management Plc 020 7412 1700
John Ions www.liontrust.co.uk
Vinay Abrol
Simon Hildrey - Chief Marketing Officer
Numis Securities Limited 020 7260 1000
Corporate Broking & Advisory - Charles Farquhar
Macquarie Capital (Europe) Limited 020 3037 2000
Advisory - Jonny Allison, Kavita Choitram
Corporate Broking - Alex Reynolds, Alex Moraru
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
Forward Looking Statements
This announcement contains certain forward-looking statements
with respect to the financial condition, results of operations and
businesses and plans of Liontrust. These statements and forecasts
involve risk and uncertainty because they relate to events and
depend upon circumstances that have not yet occurred. There are a
number of factors that could cause actual results or developments
to differ materially from those expressed or implied by these
forward-looking statements and forecasts. As a result, the
Liontrust's actual future financial condition, results of
operations and business and plans may differ materially from the
plans, goals and expectations expressed or implied by these
forward-looking statements. Liontrust undertakes no obligation
publicly to update or revise forward-looking statements, except as
may be required by applicable law and regulation (including the
Listing Rules of the Financial Conduct Authority). Nothing in this
announcement should be construed as a profit forecast or be relied
upon as a guide to future performance.
Other information
The release, publication, transmission or distribution of this
announcement in, into or from jurisdictions other than the United
Kingdom may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published,
transmitted or distributed should inform themselves about and
observe such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
ENDS
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END
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