22nd Apr 2015 08:09
LONDON (Alliance News) - Liontrust Asset Management PLC on Wednesday said its assets under management rose over the course of its recently-ended financial year.
The fund manager said its assets under management increased GBP881 million in the year to the end of March to reach GBP4.5 billion. At close of business on Monday, that figure had increased to GBP4.6 billion, it added.
The group recorded net inflows of GBP667 million over the year to end March, up from GBP381 million a year earlier, though it recorded net outflows in the fourth quarter due to lower margin fee redemptions totalling GBP95 million from two clients.
Liontrust said its sales in the fourth quarter was driven in part by uncertainty surrounding the UK General Election, though it said it remains confident on its outlook.
Shares in Liontrust were up 3.6% to 283.75 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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