Liontrust to launch Asia and emerging markets funds

Liontrust Asset Management is to launch funds for Asia and emerging markets teams, having identified these as key growth areas in its first half results.

John Ions
John Ions

The half-yearly report also revealed that revenue increased year-on-year from £4m to £4.9m and showed adjusted profits of £22,000.

John Ions, chief executive of Liontrust, says: “A key objective of everything we do at Liontrust is to grow our assets under management.

This will be achieved by continuing to increase inflows into our funds through ongoing strong performance and broadening our client base.”

“We have been delivering both of these, with five of our actively managed unit trusts being in the first quartile of their respective IMA sectors over three months to 31 October 2011.”

“This provides the bedrock for growing our assets under management over the long term.”

Inflows of £59m were recorded for the six months to September 30 while a further £12m was taken from October 1. The retail fund business took £14m in net positive flows.

AUM fell by 5.1% between March and September, from £1,192m to £1,256m, which Liontrust attributed to market volatility.

The group forecasts AUM to reach £1.5 billion by 2012, £1.6 billion by 2013 and £1.8 billion by 2014.

Liontrust completed its acquisition of Occam Investment Management on October 4. Net inflows to the Occam funds have been negative since the acquisition, leading Liontrust to expect to report a loss in the first half of 2012.

The asset manager expects a £1.8m gain from the sale of its credit business to Avoca Capital in July.

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