3rd Jul 2014 09:26
LONDON (Alliance News) - Liontrust Asset Management PLC Thursday reported GBP190.0 million in net inflows over the first-quarter, which more than offset a negative market and investment performance, to drive assets under management up by GBP170.0 million to GBP3.78 billion.
The fund manager said that net inflows into its UK retail funds, at GBP100.0 million, between April 1 and June 30, exceeded net inflows into the rest of its distribution channels combined. Its UK retail funds comprise GBP2.85 billion of its assets under management. However, the statement showed that Liontrust's net inflows were barely two-thirds of the figures for the corresponding quarter last year, when the fund manager reported GBP302.0 million in net inflows, boosted by GBP179.0 million related to its Global Strategic Bond fund.
Liontrust said that seven of its eight actively managed UK retail funds were in the first quartile of their respective Investment Management Association sectors since launch or fund manager inception. The company added that all eight have outperformed the average fund in their respective sectors over the same period.
"What is particularly pleasing is the improvement in recent fund performance. The benefit of applying distinct and robust investment processes to the management of our funds is shown by shorter term numbers moving more to their long-term trend. This comes after a difficult year in 2013 when quality companies were not rewarded," Chief Executive John Ions said in a statement.
"Our marketing campaign promoting our three equity income funds continues to generate interest among our clients, especially for the Liontrust Macro Equity Income Fund in the highly competitive UK equity income sector," Ions added.
Liontrust shares were Thursday quoted at 248.00 pence, up 2.9%.
By Samuel Agini; [email protected]; @samuelagini
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