20th Jan 2005 07:00
Liontrust Asset Management PLC20 January 2005 LIONTRUST ASSET MANAGEMENT PLC Trading Update There were no performance fees earned in the quarter ended 31st December 2004and while further accounts fall due for calculation of performance fees in thequarter to 31st March 2005 management does not expect any to be earned. Funds under management on 19th January 2005 were £5.097 billion compared with£5.023 billion at 30th September 2004. During the period from 1st April 2004 to19th January 2005 institutional accounts worth £330 million were withdrawn whilenet unit trust inflows amounted to £158 million. Gross unit trust sales remainsteady. If current market levels are maintained we would expect core operating profitsbefore interest for the year ending 31st March 2005 to be in line withexpectations. Enquiries: Nigel Legge, Joint Chief Executive, Liontrust Asset Management PLC 020-7412 1700 Richard Locke, Cazenove & Co. Ltd 020-7155 4706 ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Liontrust Asset Management