Liontrust Asset Management hits the high notes with solid inflows

LIONTRUST Asset Management yesterday announced a 37 per cent drop in net inflows year-on-year in the three months to the end of June, but an increase in total assets under management.

The fund management group revealed that net inflows this year were £190m, compared to £302m during the same period last year.

The inflows last year were the result of the launch of the Global Strategic Bond fund, which attracted £179m alone.

The firm has not launched any similar funds this year.

Liontrust’s total assets under management had crept up to £3.8bn on 30 June, up from £3.6bn at the end of the previous quarter.

The company said seven out of eight of its actively managed UK retail funds were in the first quartile of their respective sectors.

“What is particularly pleasing is the improvement in recent fund performance,” chief executive John Ions said in a statement yesterday. “This comes after a difficult year in 2013 when quality companies were not rewarded… Liontrust continues to make good progress.”

Liontrust shares closed up 2.5 per cent at 247p yesterday.