REG - Liontrust Asset Mgmt - Trading Statement
10/07/2024 07:00
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RNS Number : 7455V Liontrust Asset Management PLC 10 July 2024
LEI: 549300XVXU6S7PLCL855
For immediate release
10 July 2024
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust" or the "Company"), the specialist
independent fund management group, today issues its trading update for the
three months ended 30 June 2024 (the "Period").
· Net outflows of £0.9 billion in the Period (2023: £1.6 billion).
· Assets under management and advice ("AuMA") were £27.0 billion as at
30 June 2024, a decrease over the Period of 2.8%.
Commenting, John Ions, Chief Executive Officer, said:
"Labour's large majority in last week's General Election should herald a
period of stability that will be positive for financial markets. It is
encouraging that the new government has a pro-growth agenda and is committed
to the simplification of pensions.
Along with falling inflation and the expectation of a reduction in interest
rates, this should encourage international investors to return to the UK and
boost capital flows to the stock market. Given the ever-increasing need for
individuals to save more for their retirement as well, this will significantly
improve the outlook for asset managers.
Liontrust is well placed for this improving environment as we have a strong
brand, distribution, robust investment processes and a leading reputation for
managing UK equities. Liontrust will also benefit from the progress we have
been making in positioning the Group for the future, including further
expanding our investment and distribution capability, increasing client
engagement and enhancing operations."
Assets under management and advice
On 30 June 2024, our AuMA stood at £27,038 million and were broken down by
type and investment process as follows:
Process Total Institutional Accounts & Funds Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds & Accounts
(£m) (£m) (£m) (£m) (£m) (£m)
Sustainable Investment 9,868 313 0 9,079 0 476
Economic Advantage 6,310 407 0 5,785 0 118
Multi-Asset 4,198 0 0 4,089 109 0
Global Equities 1,171 0 0 1,136 26 9
Global Innovation 875 0 0 875 0 0
Cashflow Solution 2,440 533 0 1,582 140 185
Global Fundamental 2,044 342 1,153 543 0 6
Global Fixed Income 132 0 0 29 0 103
Total 27,038 1,595 1,153 23,118 275 897
Flows
The net outflows over the Period were £923 million (2023: £1,629 million). A
reconciliation of fund flows and AuMA over the Period is as follows:
Total Institutional Accounts & Funds Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds & Accounts
(£m) (£m) (£m) (£m) (£m) (£m)
Opening AuMA - 1 April 2024 27,822 1,741 1,135 23,815 236 895
Net flows (923) (145) (10) (772) 13 (9)
Market & Investment performance 139 (1) 28 75 26 11
Closing AuMA - 30 June 2024 27,038 1,595 1,153 23,118 275 897
Fund Performance (Quartile ranking)
Quartile ranking - Since Launch / Manager Appointed Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Launch Date
Economic Advantage funds
Liontrust UK Growth Fund 1 3 2 3 25/03/2009
Liontrust Special Situations Fund 1 3 3 3 10/11/2005
Liontrust UK Smaller Companies Fund 1 2 2 4 08/01/1998
Liontrust UK Micro Cap Fund 1 1 1 2 09/03/2016
Sustainable Future funds
Liontrust SF Monthly Income Bond Fund 1 1 2 1 12/07/2010
Liontrust SF Managed Growth Fund 2 1 3 3 19/02/2001
Liontrust SF Corporate Bond Fund 1 2 3 1 20/08/2012
Liontrust SF Cautious Managed Fund 2 4 4 4 23/07/2014
Liontrust SF Defensive Managed Fund 1 4 4 3 23/07/2014
Liontrust SF European Growth Fund 3 4 4 4 19/02/2001
Liontrust SF Global Growth Fund 3 3 4 3 19/02/2001
Liontrust SF Managed Fund 2 1 4 3 19/02/2001
Liontrust UK Ethical Fund 3 4 4 4 01/12/2000
Liontrust SF UK Growth Fund 3 4 4 3 19/02/2001
Liontrust GF SF US Growth Fund 3 - - - 07/07/2023
Global Innovation funds
Liontrust Global Dividend Fund 2 1 1 1 20/12/2012
Liontrust Global Innovation Fund 1 2 3 1 31/12/2001
Liontrust Global Technology Fund 2 2 1 1 15/12/2015
Global Equity funds
Liontrust Balanced Fund 1 1 2 1 31/12/1998
Liontrust Global Alpha Fund 1 2 4 2 31/12/2001
Liontrust Global Smaller Companies Fund 2 3 4 4 01/07/2016
Liontrust US Opportunities Fund 2 3 4 2 31/12/2002
Liontrust GF US Equity Fund 3 2 3 3 26/06/2014
Liontrust GF International Equity Fund 4 - 4 4 17/12/2019
Liontrust China Fund 4 3 3 3 31/12/2004
Liontrust Emerging Market Fund 3 4 2 1 30/09/2008
Liontrust India Fund 4 2 1 1 29/12/2006
Liontrust Japan Equity Fund 2 1 1 1 22/06/2015
Liontrust Latin America Fund 3 4 3 1 03/12/2007
Cashflow Solution funds
Liontrust European Dynamic Fund 1 1 1 1 15/11/2006
Global Fixed Income funds
Liontrust Strategic Bond Fund 3 3 3 2 08/05/2018
Global Fundamental funds
Liontrust UK Equity Fund 1 2 2 1 27/03/2003
Liontrust UK Focus Fund 1 3 3 1 29/09/2003
Liontrust Income Fund 1 3 2 3 31/12/2002
Liontrust GF UK Equity Fund 4 3 2 2 03/03/2014
Edinburgh Investment Trust Plc 1 - 1 1 27/03/2020
Source: Financial Express to 30 June 2024 as at 4 April 2024, bid-bid, total
return, net of fees, based on primary share classes.
Past performance is not a guide to future performance, investments can result
in total loss of capital. The above funds are all UK authorised unit trusts,
OEICs, Irish authorised OEICs (primary share class) or UK listed investment
trusts. Liontrust Russia Fund is not included as it is currently suspended and
in an IA sector that is not rankable (e.g., Specialist) so it would not be a
fair comparison to make. Edinburgh Investment Trust Plc uses the IT UK Equity
Income sector.
For further information please contact:
Teneo (Tel: 020 7353 4200, Email: liontrust@teneo.com)
Tom Murray, Colette Cahill, Jessica Pine
Liontrust Asset Management Plc (Tel: 020 7412 1700, Website:
liontrust.co.uk)
Stephen Corbett: Head of Investor Relations
Simon Hildrey: Chief Marketing Officer
Singer Capital Markets (Tel: 020 7496 3000)
Corporate Broking: Charles Leigh-Pemberton
Corporate Finance: James Moat
Panmure Liberum (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
HSBC Bank plc (Tel: 020 7991 8888)
Corporate Broking: Sam McLennan, James Hopton
Corporate Advisory: Alexander Paul
Forward Looking Statements
This announcement contains certain forward-looking statements with respect to
the financial condition, results of operations and businesses and plans of
Liontrust. These statements and forecasts involve risk and uncertainty because
they relate to events and depend upon circumstances that have not yet
occurred. There are a number of factors that could cause actual results or
developments to differ materially from those expressed or implied by these
forward-looking statements and forecasts. As a result, the Liontrust's actual
future financial condition, results of operations and business and plans may
differ materially from the plans, goals and expectations expressed or implied
by these forward-looking statements. Liontrust undertakes no obligation
publicly to update or revise forward-looking statements, except as may be
required by applicable law and regulation (including the Listing Rules of the
Financial Conduct Authority). Nothing in this announcement should be
construed as a profit forecast or be relied upon as a guide to future
performance.
Other information
The release, publication, transmission or distribution of this announcement
in, into or from jurisdictions other than the United Kingdom may be restricted
by law and therefore persons in such jurisdictions into which this
announcement is released, published, transmitted or distributed should inform
themselves about and observe such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of any such
jurisdiction.
ENDS
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