26th Sep 2013 12:11
LONDON (Alliance News) - Liontrust Asset Management PLC Thursday said it had positive net inflows between April and September after attracting money to its UK Offshore Funds and UK Retail divisions.
Liontrust said it had net inflows of GBP312 million for the half-year, which contributed to increasing its assets under management to GBP3.41 billion on September 24, up from GBP3.04 billion on April 1.
"The fact that seven of our eight actively managed unit trusts are in the first quartile of their respective sectors under the tenure of the current manager is testament to this. The recent broadening of the investment remit on the Liontrust Income Fund to give it a global mandate means we have a strong income offering covering Asia Income, UK Income and now Global Income," John Ions, chief executive, said in a statement. "Income has never been more important as an investment requirement and the attendance at our current roadshow where these funds have been presented backs this up," Ions added.
Liontrust said it attracted GBP146 million to its UK Retail division and GBP178 million to its Offshore Funds division, while its market and investment performance contributed GBP62 million overall to the rise in assets under management.
This time last year, Liontrust recorded net positive inflows of GBP181 million in the six months to September 24, which saw its assets under management increase to GBP2.36 billion. On March 31 2011, Liontrust had GBP1.53 billion in funds under management, which means funds have approximately doubled since then.
Liontrust shares were Thursday quoted at 243.00 pence, up 1.50p.
By Samuel Agini; [email protected]; @samuelagini
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