UK wealth manager Liontrust's quarterly outflows grow to $1.6 billion
07/10/2025 07:56
Oct 7 (Reuters) - British wealth manager Liontrust Asset Management LIO.L on Tuesday reported higher outflows in the second quarter as new client mandates and investments progressed more slowly than expected. The company's net outflows stood at 1.2 billion pounds ($1.61 billion) for the three months ended September 30, above the 1.1 billion pounds it reported a year earlier. Its assets under management and advice fell 2.7% in the quarter, with brokerage Peel Hunt pointing to rising markets only partly offsetting outflows. ($1 = 0.7435 pounds) (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Mrigank Dhaniwala) ((DhanushVignesh.Babu@thomsonreuters.com))