REG - Liontrust Asset Mgmt - Trading Statement
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RNS Number : 7544O Liontrust Asset Management PLC 14 January 2026
LEI: 549300XVXU6S7PLCL855
For immediate release
14 January 2026
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 31 December 2025 (the "Period").
· Net outflows of £1.0 billion in the Period (2024: £1.6 billion).
· Assets under management and advice ("AuMA") were £21.5 billion as at
31 December 2025.
· Two mandate wins driving Institutional net inflows of £330 million
in the Period.
· AuMA as at 10 January 2026 were £21.7 billion.
Commenting, John Ions, Chief Executive Officer, said:
"Liontrust received funding for two new mandates in the last quarter, leading
to Institutional net inflows of £330 million in the Period. We have a good
potential pipeline and are focused on securing further mandates and returning
to positive net inflows for the UK's wholesale and retail markets.
The brand remains strong, as shown by the fact that Liontrust is rated as the
4(th) best asset manager by advisers in the UK and 8(th) best by wealth
managers in independent research(1). The excellent client relationships and
brand reputation that Liontrust has across the market are the foundation from
which flows will grow over time.
The broadening investment capability is shown by the fact that we had success
in European equities in 2025 and have delivered first quartile performance
across global equity, fixed income and multi-asset funds in the past one and
three years(2).
Quality, mid and small cap stocks with strong balance sheets, which are the
mainstay of the Economic Advantage and Sustainable Investment funds, have
historically delivered material long-term returns. As engines of innovation
and employment, they have also been key to driving economic growth. UK
valuations are compelling, especially with a backdrop of lower inflation and
reducing interest rates, but a prolonged period of share price
underperformance has raised threats to the country's competitiveness.
Co-ordinated action is required to restore confidence, and this will also
unlock capital flows.
Our confidence in the outlook for Liontrust is reflected in the investment
made in the business and the ongoing share buy backs. In ensuring that we
deliver for clients through disciplined, long-term active management and
excellent client service and communications, we can return the business to
growth."
(1) Source: Research in Finance, December 2025
(2) Source: Financial Express to 31 December 2025 as at 5 January 2026,
bid-bid, total return, net of fees, based on primary share class.
Assets under management and advice
On 31 December 2025, our AuMA stood at £21,457 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 7,187 342 - 6,654 - 191
Multi-Asset 3,887 - - 3,696 59 132
Cashflow Solution 3,756 874 - 2,244 214 424
Economic Advantage 2,810 469 - 2,311 - 30
Global Fundamental 1,752 208 1,143 401 - -
Global Equities 1,142 - - 1,064 26 52
Global Innovation 923 - - 907 - 16
Total 21,457 1,893 1,143 17,277 299 845
AuMA as at 10 January 2026 were £21,713 million.
Flows
The net outflows over the Period were £1,024 million (2024: £1,553 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 Oct 2025 22,010 1,514 1,162 18,230 315 789
Net flows (1,024) 330 (36) (1,293) (27) 2
Market & Investment performance 471 49 17 340 11 54
Closing AuMA - 31 Dec 2025 21,457 1,893 1,143 17,277 299 845
Key Fund Performance (Quartile ranking)
Twelve funds in the first or second quartile over 1 and 3 years:
1. Five Fixed Income funds - SF Monthly Income Bond, SF Corporate Bond,
Strategic Bond, GF High Yield Bond and MA Monthly High Income.
2. Three European funds - European Dynamic, GF European Smaller
Companies and GF European Strategic Equity.
3. Four Global funds - Global Innovation, Global Technology, Global
Alpha and Balanced.
UK domiciled funds-
Quartile ranking - Since inception Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Inception Date
Cashflow Solution funds
Liontrust European Dynamic Fund 1 1 2 1 15/11/2006
Economic Advantage funds
Liontrust Special Situations Fund 1 4 4 4 10/11/2005
Liontrust UK Growth Fund 2 3 4 4 01/04/1996
Liontrust UK Micro Cap Fund 1 2 4 3 09/03/2016
Liontrust UK Smaller Companies Fund 1 4 4 4 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 3 3 1 1 19/02/2001
Liontrust SF Defensive Managed Fund 2 4 4 4 23/07/2014
Liontrust SF European Growth Fund 4 4 4 4 19/02/2001
Liontrust SF Global Growth Fund 3 4 3 4 19/02/2001
Liontrust SF Managed Fund 2 4 4 4 19/02/2001
Liontrust SF Managed Growth Fund 2 4 3 4 19/02/2001
Liontrust SF Monthly Income Bond Fund 1 2 1 1 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 3 1 3 20/12/2012
Liontrust Global Innovation Fund 1 3 1 2 31/12/2001
Liontrust Global Technology Fund 3 2 1 2 15/12/2015
Global Equity funds
Liontrust Balanced Fund 1 2 1 1 31/12/1998
Liontrust China Fund 4 3 4 4 31/12/2004
Liontrust Emerging Market Fund 3 4 3 3 30/09/2008
Liontrust Global Alpha Fund 1 3 1 2 31/12/2001
Liontrust India Fund 4 1 3 4 29/12/2006
Liontrust Japan Equity Fund 4 3 3 4 22/06/2015
Liontrust Latin America Fund 2 4 3 4 03/12/2007
Liontrust US Opportunities Fund 2 3 3 1 31/12/2002
Global Fundamental funds
Liontrust Income Fund 2 3 4 4 31/12/2002
Edinburgh Investment Trust Plc 1 1 2 4 31/03/2020
Liontrust UK Equity Fund 1 3 3 4 27/03/2003
Multi-Asset funds
Liontrust Strategic Bond Fund 3 3 2 2 08/05/2018
Liontrust MA Explorer 35 Fund 1 - - 3 31/12/2002
Liontrust MA Explorer Income 45 Fund 3 - - 4 31/03/2020
Liontrust MA Explorer Income 60 Fund 2 - - 3 27/03/2003
Liontrust MA Explorer 70 Fund 3 - - 4 29/09/2003
Liontrust MA Explorer 85 Fund 2 - - 4 29/09/2003
Liontrust MA Explorer 100 Fund 2 - - 3 29/09/2003
Liontrust MA Monthly High Income Fund 3 3 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
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 2 25/04/2014
Liontrust GF Pan-European Dynamic Fund 2 - - 2 27/02/2024
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 1 1 3 29/05/2018
Liontrust GF SF Global Growth Fund 3 4 3 4 12/11/2019
Liontrust GF SF Multi Asset Global Fund 4 - 3 4 13/10/2021
Liontrust GF SF Pan-European Growth Fund 3 4 4 4 14/03/2001
Liontrust GF SF US Growth Fund 4 - - 4 07/07/2023
Multi-Asset funds
Liontrust GF Global Short Dated Corporate Bond Fund 3 3 3 3 26/06/2018
Liontrust GF High Yield Fund 1 1 1 1 08/06/2018
Liontrust GF Global Corporate 2 2 2 3 13/04/2018
Bond Fund
Global Equity
Liontrust GF Global Alpha Long 1 3 2 3 24/02/2014
Short Fund
Source: Financial Express to 31 December 2025 as at 5 January 2026, 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.
The Liontrust GF Strategic Bond Fund changed name to the Liontrust GF Global
Corporate Bond Fund on the 14(th) Nov 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.
For further information please contact:
Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.com)
Stephen Corbett: Head of Investor Relations
Simon Hildrey: Chief Marketing Officer
Panmure Liberum (Tel: 020 7886 2500)
Corporate Broking: David Watkins
Corporate Advisory: Atholl Tweedie
Singer Capital Markets (Tel: 020 7496 3000)
Corporate Broking: Charles Leigh-Pemberton
Corporate Advisory: Asha Chotai
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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