** Shares of LionTrust Asset Management LIO.L down 4.2% at 320 p, top loser on London's small caps index .FTSC
** Co reports quarterly net outflows of 1.2 billion pounds ($1.61 billion) vs 1.1 billion pounds yr ago
** Co's assets under management and advice as at September 30 fell 2.7% to 22 billion pounds
** RBC analysts expect potential turbulence in flows in the lead up to the UK budget on November 30
** Up to Monday's close, stock had fallen 45.12% so far this year
($1 = 0.7445 pounds)
(Reporting by Simone Lobo in Bengaluru)
((((Simone.Lobo@thomsonreuters.com; +919920570373;))