Liontrust sees 12th quarter of inflows as AUM approaches £3.3bn

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Liontrust Asset Management saw net inflows almost treble over the second quarter, taking the amount of money ran by the firm to close to £3.3bn.

Over the three months to 30 June 2013, Liontrust’s net inflows amounted to £302m, up from the £93m recorded one year earlier. This is the 12th quarter running that asset manager has benefitted from net inflows.

The group’s assets under management rose to £3.27bn, according to its interim statement, up from £3bn at the end of the previous quarter.

The firm’s UK retail funds took in £134m while its offshore products captured £179m, although £11m flowed out of its institutional business.

Market and investment performance made a negative contribution of £76m to the firm’s AUM, with its UK retail funds contributing £45m to this fall. However, Liontrust points out that eight out of its nine actively managed UK retail funds have outperformed their respective sector average since launch or fund manager inception.

Liontrust chief executive John Ions says: “The net inflows of £302m are testament to the strong performance of the group’s range of funds over the long term and our distinct investment processes. It is particularly pleasing to have maintained positive net sales given the recent volatility in equity and fixed income markets.”