REG - Liontrust Asset Mgmt - Trading Statement
Tue 07:00
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RNS Number : 2794C Liontrust Asset Management PLC 07 October 2025
LEI: 549300XVXU6S7PLCL855
For immediate release
7 October 2025
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 September 2025 (the "Period").
· Net outflows of £1.2 billion in the Period (2024: £1.1 billion).
· Assets under management and advice ("AuMA") were £22.0 billion as at
30 September 2025, a decrease over the Period of 2.7%.
· AuMA as at 3 October 2025 were £22.2 billion.
Commenting, John Ions, Chief Executive Officer, said:
"Over the past few quarters, we have written about our belief that the market
environment going forward will be more favourable for active managers. We are
now seeing clients seeking to diversify away from the US and towards active
management, and this is shown in an acceleration of interest in Liontrust
strategies.
We are having success among institutional investors and wealth managers,
notably internationally. This includes new mandates as yet unfunded and being
added to clients' buy lists. This progress has been slower than as we had
hoped, however, leading to £1.2 billion of net outflows in the last quarter,
which were spread across wealth manager, adviser and retail clients in the UK.
In spite of this challenging period for flows, the outlook is becoming more
positive for active management and Liontrust.
Active management
The Magnificent 7 are still heavily influencing market performance; their
earnings and valuations dominate the S&P, exposing the market to
volatility. But, at the same time, we have seen increased dispersion among
these mega cap stocks and currency movements have been a positive tailwind
this year for investors in non-US markets such as the DAX, Nikkei and FTSE
100.
Geographical diversification, therefore, is becoming more important, as is
stock selection outside the very biggest companies in the world. We expect to
see greater dispersion of returns generally going forward highlighting the
value that active management brings to client portfolios.
Broadening demand
We are confident we are making progress in distribution, both in the UK and
internationally, which is reflected in greater client engagement and the
potential pipeline of flows. This is shown by the fact that we now have
clients in South America, Australia, South Africa and the Middle East, in
addition to the UK and Europe.
The increased interest in Liontrust strategies, notably European and global
equities, also reflects our differentiated, rigorous and repeatable investment
processes and long-term performance.
With strong adherence to investment process and active management, along with
broadening distribution, the power of the brand and strengthening
infrastructure, we are confident about the outlook for Liontrust."
Assets under management and advice
On 30 September 2025, our AuMA stood at £22,010 million and were broken down
by type and investment process as follows:
Process Total Institutional Accounts Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds
(£m) (£m) (£m) (£m) (£m) (£m)
Sustainable Investment 7,604 338 - 7,083 - 183
Economic Advantage 3,342 399 - 2,906 - 37
Multi-Asset 3,882 - - 3,697 64 121
Global Equities 1,164 - - 1,086 27 51
Global Innovation 957 - - 948 - 9
Cashflow Solution 3,273 568 - 2,093 224 388
Global Fundamental 1,788 209 1,162 417 - -
Total 22,010 1,514 1,162 18,230 315 789
AuMA as at 3 October 2025 were £22,245 million.
Flows
The net outflows over the Period were £1,235 million (2024: £1,144 million).
A reconciliation of fund flows and AuMA over the Period is as follows:
Total Institutional Accounts Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds
(£m) (£m) (£m) (£m) (£m) (£m)
Opening AuMA - 1 Jul 2025 22,618 1,476 1,172 18,865 357 748
Net flows (1,235) 2 (24) (1,184) (41) 12
Market & Investment performance 627 36 14 549 (1) 29
Closing AuMA - 30 Sep 2025 22,010 1,514 1,162 18,230 315 789
Key Fund Performance (Quartile ranking)
UK domiciled funds-
Quartile ranking - Since inception Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Inception Date
Economic Advantage funds
Liontrust Special Situations Fund 1 4 4 4 10/11/2005
Liontrust UK Growth Fund 1 3 4 4 01/04/1996
Liontrust UK Micro Cap Fund 1 2 3 3 09/03/2016
Liontrust UK Smaller Companies Fund 1 3 4 3 08/01/1998
Liontrust Global Smaller Companies Fund 4 4 4 4 31/12/2007
Sustainable Future funds
Liontrust SF Cautious Managed Fund 3 4 4 4 23/07/2014
Liontrust SF Corporate Bond Fund 2 3 1 3 19/02/2001
Liontrust SF Defensive Managed Fund 2 4 4 4 23/07/2014
Liontrust SF European Growth Fund 4 4 4 3 19/02/2001
Liontrust SF Global Growth Fund 3 4 3 3 19/02/2001
Liontrust SF Managed Fund 2 4 3 4 19/02/2001
Liontrust SF Managed Growth Fund 2 4 3 4 19/02/2001
Liontrust SF Monthly Income Bond Fund 1 1 1 4 12/07/2010
Liontrust SF UK Growth Fund 3 4 4 4 19/02/2001
Liontrust UK Ethical Fund 4 4 4 4 01/12/2000
Global Innovation funds
Liontrust Global Dividend Fund 2 2 1 3 20/12/2012
Liontrust Global Innovation Fund 1 3 1 1 31/12/2001
Liontrust Global Technology Fund 2 1 1 1 15/12/2015
Global Equity funds
Liontrust Balanced Fund 1 2 1 1 31/12/1998
Liontrust China Fund 4 3 2 2 31/12/2004
Liontrust Emerging Market Fund 3 3 3 3 30/09/2008
Liontrust Global Alpha Fund 1 3 2 1 31/12/2001
Liontrust India Fund 4 2 3 4 29/12/2006
Liontrust Japan Equity Fund 4 3 3 4 22/06/2015
Liontrust Latin America Fund 2 3 1 1 03/12/2007
Liontrust US Opportunities Fund 2 3 3 1 31/12/2002
Cashflow Solution funds
Liontrust European Dynamic Fund 1 1 2 2 15/11/2006
Global Fundamental funds
Liontrust Income Fund 2 3 4 4 31/12/2002
Edinburgh Investment Trust Plc 1 1 1 3 31/03/2020
Liontrust UK Equity Fund 1 3 3 4 27/03/2003
Multi-Asset funds
Liontrust Strategic Bond Fund 3 3 2 3 08/05/2018
Liontrust MA Explorer 35 Fund 1 - - 2 31/12/2002
Liontrust MA Explorer Income 45 Fund 3 - - 3 31/03/2020
Liontrust MA Explorer Income 60 Fund 1 - - 3 27/03/2003
Liontrust MA Explorer 70 Fund 3 - - 3 29/09/2003
Liontrust MA Explorer 85 Fund 2 - - 3 29/09/2003
Liontrust MA Explorer 100 Fund 2 - - 3 29/09/2003
Liontrust MA Monthly High Income Fund 3 2 1 1 01/05/2012
Liontrust MA UK Equity Fund 4 3 3 3 12/11/2001
Irish domiciled funds-
Quartile ranking - Since inception Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Inception Date
Economic Advantage funds
Liontrust GF Special Situations Fund 3 4 4 4 08/11/2012
Liontrust GF UK Growth Fund 2 3 4 4 03/09/2014
Sustainable Future funds
Liontrust GF SF European Corporate Bond Fund 2 2 1 4 29/05/2018
Liontrust GF SF Global Growth Fund 3 4 3 3 12/11/2019
Liontrust GF SF Multi Asset Global Fund 4 - 3 3 13/10/2021
Liontrust GF SF Pan-European Growth Fund 3 4 4 4 14/03/2001
Liontrust GF SF US Growth Fund 3 - - 4 07/07/2023
Cashflow Solution funds
Liontrust GF European Smaller Companies Fund 1 1 1 2 01/02/2017
Liontrust GF European Strategic Equity Fund 1 1 1 3 25/04/2014
Liontrust GF Pan-European Dynamic Fund 2 - - 1 27/02/2024
Multi-Asset funds
Liontrust GF Global Short Dated Corporate Bond Fund 3 3 2 3 26/06/2018
Liontrust GF High Yield Fund 1 1 1 1 08/06/2018
Liontrust GF Strategic Bond Fund 2 2 2 4 13/04/2018
Global Equity
Liontrust GF Global Alpha Long 1 1 2 1 24/02/2014
Short Fund
Source: Financial Express to 30 September 2025 as at 3 October 2025, bid-bid,
total return, net of fees, based on primary share class.
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. Onshore funds use the Financial Express Investment Association
sectors. Offshore funds use the FCA Recognised offshore sectors. Edinburgh
Investment Trust Plc uses the AIC Investment Trust UK Equity Income sector.
Liontrust Global Smaller Companies Fund moved from the Global Equities team to
the Economic Advantage team on 14 January 2025.
MA Explorer funds had an objective change on 05/04/2023 and rankings are shown
from then.
MA Dynamic Passive fund range, MA Blended fund range, Diversified Real Assets
Fund and Russia Fund (suspended) are not included as are in an IA sector that
is not rankable. GF Global Technology, GF Global Innovation and GF Global
Dividend funds are excluded because they were recently launched.
Notice of Half Year Results Announcement
Liontrust confirms that it will be announcing its half year results for the
six months ended 30 September 2025 on Thursday, 20 November 2025.
For further information please contact:
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 Advisory: James Moat
Panmure Liberum (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
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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