REG - Liontrust Asset Mgmt - Trading Statement
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RNS Number : 3869B Liontrust Asset Management PLC 22 April 2026
LEI: 549300XVXU6S7PLCL855
For immediate release
22 April 2026
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust" or the "Company"), the specialist
independent active asset management group, today issues its trading update for
the three months ended 31 March 2026 (the "Period").
· Net outflows of £0.8 billion in the Period (2025: £1.3 billion).
· Two institutional mandates of over £500 million in aggregate awarded
during the Period which we expect to be funded before the end of May 2026.
· Assets under management and advice ("AuMA") were £19.6 billion as at
31 March 2026.
· AuMA as at 20 April 2026 were £20.8 billion.
· River Global PLC held a General Meeting on 14 April 2026 to approve
the sale of River Global Holdings Limited ("RGH") to Liontrust. The proposal
was approved with 99.97% of votes cast in favour. RGH's AuMA as at 31 March
2026 was £2.6 billion(1).
Commenting, John Ions, Chief Executive Officer, said:
"Liontrust is benefiting from investor diversification away from US equities
and increasing demand from clients for active management, led by strong
performance across our European strategies. New institutional mandate wins are
expected to result in funding of over £500 million in this quarter.
This more positive outlook for flows reflects the expansion of Liontrust's
international distribution. We are extending our reach in the Middle East and
Asia and have continued to make further progress in Europe.
The proposed acquisition of River Global Holdings Limited ("RGH") is another
step forward for Liontrust. RGH will expand Liontrust's range of investment
styles, including value, and broaden our client base. There has been a
positive reaction from clients and shareholders of Liontrust and River Global
PLC to the deal, and we have identified demand for RGH funds from amongst
Liontrust's existing client base.
As Liontrust enters the new financial year, we are well positioned to drive
organic growth, realise benefits from the proposed acquisition and take
advantage of the increased demand for active management."
(1) Source: River Global PLC, excludes AuMA related to European Opportunities
Trust Plc ("EOT"), where the board of EOT has initiated a strategic review as
well as mandates where clients have notified an intention to terminate or
funds which are closing down.
Assets under management and advice
On 31 March 2026, our AuMA stood at £19,554 million and were broken down by
type and investment process as follows:
Process Total Institutional IT's UK Retail Alternatives Offshore Funds
(£m) (£m) (£m) (£m) (£m) (£m)
Sustainable Investment (Equities & Managed funds) 5,309 315 - 4,829 - 165
Cashflow Solution 4,086 975 - 2,503 202 406
Multi-Asset 3,550 - - 3,550 - -
Economic Advantage 2,219 456 - 1,740 - 23
Global Fundamental 1,602 189 1,059 354 - -
Global Equities 1,027 - - 957 23 47
Fixed Income 988 - - 864 - 124
Global Innovation 773 - - 754 - 19
Total 19,554 1,935 1,059 15,551 225 784
AuMA as at 20 April 2026 were £20,753 million.
Flows
The net outflows over the Period were £836 million (2025: £1,284 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(2) International Funds
(£m) (£m) (£m) (£m) (£m) (£m)
Opening AuMA - 1 January 2026 21,457 1,893 1,143 17,277 299 845
Net flows (836) 83 (35) (838) (6) (40)
Market & Investment performance(2) (1,067) (41) (49) (888) (68) (21)
Closing AuMA - 31 March 2026 19,554 1,935 1,059 15,551 225 784
(2) Includes £60m of AuMA for the Liontrust Diversified Real Assets Funds
which was transferred to Foresight Group Holdings Limited at the end of
January 2026.
Key Fund Performance (Quartile ranking)
Eight funds in the first or second quartile over 1 and 3 years:
1. Three Fixed Income funds - SF Monthly Income Bond, SF Corporate Bond
and MA Monthly High Income funds.
2. Two European funds - European Dynamic and GF European Smaller
Companies funds.
3. Three Global funds - Global Technology, Balanced and Emerging Markets
funds.
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 2 3 4 4 01/04/1996
Liontrust UK Micro Cap Fund 1 2 4 4 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
Fixed Income funds
Liontrust Strategic Bond Fund 3 3 3 2 08/05/2018
Liontrust MA Monthly High Income Fund 3 3 1 2 01/05/2012
Liontrust SF Corporate Bond Fund 3 3 2 2 19/02/2001
Liontrust SF Monthly Income Bond Fund 1 2 2 2 12/07/2010
Sustainable Investment (Equity & Managed) funds
Liontrust SF Cautious Managed Fund 4 4 4 4 23/07/2014
Liontrust SF Defensive Managed Fund 2 4 4 4 23/07/2014
Liontrust SF Managed Fund 2 4 4 4 19/02/2001
Liontrust SF Managed Growth Fund 3 4 4 4 19/02/2001
Liontrust SF European Growth Fund 4 4 4 4 19/02/2001
Liontrust SF Global Growth Fund 4 4 4 4 19/02/2001
Liontrust SF UK Growth Fund 4 4 3 4 19/02/2001
Liontrust UK Ethical Fund 4 4 4 4 01/12/2000
Global Innovation funds
Liontrust Global Dividend Fund 3 3 3 3 20/12/2012
Liontrust Global Innovation Fund 1 3 2 3 31/12/2001
Liontrust Global Technology Fund 3 2 1 1 15/12/2015
Global Equity funds
Liontrust Balanced Fund 1 1 1 1 31/12/1998
Liontrust China Fund 4 4 4 4 31/12/2004
Liontrust Emerging Market Fund 2 3 1 1 30/09/2008
Liontrust Global Alpha Fund 1 3 2 3 31/12/2001
Liontrust India Fund 4 2 3 4 29/12/2006
Liontrust Japan Equity Fund 4 3 3 3 22/06/2015
Liontrust Latin America Fund 3 3 2 3 03/12/2007
Liontrust US Opportunities Fund 2 4 3 2 31/12/2002
Cashflow Solution funds
Liontrust European Dynamic Fund 1 1 1 1 15/11/2006
Global Fundamental funds
Liontrust Income Fund 2 3 4 4 31/12/2002
Edinburgh Investment Trust Plc 1 2 3 3 31/03/2020
Liontrust UK Equity Fund 1 3 3 4 27/03/2003
Multi-Asset funds
Liontrust MA Explorer 35 Fund 2 - - 4 31/12/2002
Liontrust MA Explorer Income 45 Fund 3 - - 4 31/03/2020
Liontrust MA Explorer Income 60 Fund 2 - - 4 27/03/2003
Liontrust MA Explorer 70 Fund 3 - - 4 29/09/2003
Liontrust MA Explorer 85 Fund 3 - - 4 29/09/2003
Liontrust MA Explorer 100 Fund 3 - - 4 29/09/2003
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 4 4 4 4 08/11/2012
Liontrust GF UK Growth Fund 2 3 4 4 03/09/2014
Sustainable Investment (Equity & Managed) funds
Liontrust GF SF Global Growth Fund 3 4 3 4 12/11/2019
Liontrust GF SF Multi Asset Global Fund 4 - 4 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
Cashflow Solution funds
Liontrust GF European Smaller Companies Fund 1 1 1 2 01/02/2017
Liontrust GF European Strategic Equity Fund 2 1 2 4 25/04/2014
Liontrust GF Pan-European Dynamic Fund 2 - - 1 27/02/2024
Fixed Income funds
Liontrust GF Global Short Dated Corporate Bond Fund 3 2 3 4 26/06/2018
Liontrust GF High Yield Fund 1 1 1 3 08/06/2018
Liontrust GF Global Corporate Bond Fund 2 2 3 3 13/04/2018
Liontrust GF SF European Corporate Bond Fund 3 2 1 3 29/05/2018
Global Equities funds
Liontrust GF Global Alpha Long Short Fund 1 3 2 4 24/02/2014
Global Innovation funds
Liontrust GF Global Dividend Fund 3 - - 3 27/11/2024
Liontrust GF Global Innovation Fund 3 - - 2 27/11/2024
Liontrust GF Global Technology Fund 2 - - 1 27/11/2024
Source: Financial Express to 31 March 2026 as at 21 April 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 a total loss of capital. The above funds are UK authorised unit trusts,
OEICs, Irish authorised UCITs (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 November 2025.
MA Explorer funds had an objective change on 05/04/2023 and rankings are shown
from then.
The MA Dynamic Passive fund range, MA Blended fund range, and the Russia Fund
(suspended) are not included, as they are in IA sectors that are not rankable.
Notice of Full Year Results Announcement
Liontrust confirms that it will be announcing its full year results for the
financial year ended 31 March 2026 on Wednesday, 24 June 2026.
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
Berenberg (Tel: 020 3207 7800)
Investment Banking: James Felix, John Welch, Dan Gee-Summons
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: James Moat
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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