4th Jul 2016 06:51
LONDON (Alliance News) - Liontrust Asset Management PLC on Monday said its assets under management grew in the first quarter, despite caution amongst investors leading up to the UK's vote on its future in the European Union.
The fund manager said its assets under management at the end of June hit GBP4.85 billion, up from GBP4.79 billion at the end of March.
"We have achieved another quarter of positive flows totalling GBP66.0 million in spite of increased caution among investors about UK equities in the lead up to the Referendum vote and the market volatility following the result on the morning of June 24," said John Ions, Liontrust's chief executive.
"I have talked often about the importance of focusing on managing money and servicing our clients as best we can and concentrating on those issues that are within our control. This is particularly pertinent following the vote by the UK electorate to leave the European Union," he added.
Ions said "during such political, economic and market uncertainty, our rigorous and repeatable processes stand us in good stead with our investors."
By Sam Unsted; [email protected]; @SamUAtAlliance
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