13th Jan 2016 10:43
LONDON (Alliance News) - Liontrust Asset Management PLC on Wednesday reported an increase in funds under management over the course of the final three months of 2015, driven by market and investment performance, as well as net inflows of money into its funds.
Market and investment performance added GBP261.0 million to assets under management between October 1 and December 31, while net inflows contributed GBP53.0 million. Assets under management rose to GBP4.74 billion from GBP4.42 billion as a result.
The increase was driven by Liontrust's UK retail business, which enjoyed net inflows of GBP50.0 million and performance of GBP198.0 million.
Net inflows in the retail side of the business more than offset net outflows of GBP22.0 million from the institutional business, which contributed GBP56.0 million to assets under management by virtue of its market and investment performance.
The fund management group said two of its most popular funds are well placed to continue the strong performance they saw last year, despite the tumult in global stock markets in the opening week of 2016.
Enjoying a return of 23.48% in 2015 against 12.99% by the FTSE Small Cap ex ITs index and 14.86% by the average fund in the IA UK Smaller Companies sector, was the group's UK Smaller Companies Fund, while its Special Situations Fund returned 12.74% in 2015 against 0.98% by the FTSE All-Share index and 4.86% by the average fund in the IA UK All Companies sector.
"We have been growing our brand and client relationships which is demonstrated by the fact that more than 270 professional fund buyers from the UK and Continental Europe have signed up to attend our Annual Investment Conference at the end of January. All our fund management teams will be presenting at the conference, showcasing the depth of our talent and the expertise we have across our long only and long/short funds," Chief Executive John Ions said.
"The day will include presentations on two funds that we will be launching in the first quarter of this year subject to regulatory approval: the GF Global Water and Agriculture Fund and the UK Micro Cap Fund. These two launches will continue our strategy of broadening and diversifying our offering of long only and alternatives funds," Ions added.
Shares in Liontrust were up 1.6% at 274.40 pence on Wednesday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Liontrust Asset Management