IN BRIEF: Liontrust laments UK budget as assets under management fall
15th Jan 2025 12:13
Liontrust Asset Management PLC - London-based asset manager offering equity, fixed income, sustainable, multi-asset, and real assets funds - Assets under management and advice are GBP24.58 billion as at December 31, down 5.3% from GBP25.96 billion on October 1. Net outflows in the three months to the end of December are GBP1.6 billion, slowed from GBP1.7 billion a year prior. "Net outflows during the fourth quarter of 2024 were significantly concentrated in October at around 50% of the total, mirroring the broader UK funds industry which experienced its third worst month on record ahead of the chancellor's autumn budget," Chief Executive Officer John Ions says. Read More