17th Jan 2006 07:00
17 January 2006 Stock Exchange Announcement LIONTRUST ASSET MANAGEMENT PLC January 2006 Trading Update On 31 December 2005our funds under management stood at ‚£4.67 billion and at ‚£4.72 billion on 16 January 2006. In the nine months to end December, gross unittrust sales averaged ‚£26 million per month but total net redemptions were ‚£136million. Net institutional funds worth ‚£261 million were withdrawn over thesame period. A small performance fee was earned on one institutional account in the ninemonth period ended 31 December 2005 generating an operating profit, aftercompensation, of approximately ‚£30,000. By comparison the operating profitcontribution from performance fees for 9 months to 31 December 2004 was nil.All institutional mandates with performance fee structures are based on eitherthe Large Cap or Growth investment processes. In the twelve months to 31 December 2005, the authorised unit trusts based onthe Large Cap and Growth processes are up by 21.0% and 21.6% respectivelycompared with their benchmark, the FTSE All-Share (Total Return) index which isup by 22.0%. * The performance on the other two processes remains strong. In the twelvemonths to 31 December 2005, the authorised unit trust based on our Small Capprocess is up by 20.1% while its benchmark is up by 19.0%. The total return ofthe First Income unit trust was 19.4% during the year. * For further information please contact: Liontrust Asset Management PLC: NigelLegge Tel: 020-7412 1700 JP Morgan Cazenove Limited: RichardLocke Tel: 020-7155 4706 *Source: Lipper, bid to bid basis, income reinvested, net of fees. ENDLIONTRUST ASSET MANAGEMENT PLCRelated Shares:
Liontrust Asset Management