Liontrust reports third quarter of net inflows
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Liontrust Asset Management has reported £39m of net inflows for the first quarter of 2011.
The firm recorded £119m of inflows which were offset by £80m of outflows. The news marks the third successive quarter of positive sales for the firm.
Liontrust has also revealed that it is in a net positive sales position over a financial year for the first time in seven years, according to the latest trading statement released by the firm. The firm recorded £79m between April 1, 2010 and March 29, 2011. This is the first time since March 31, 2004 that the company has been in a net positive sales position over a financial year.
The company’s assets under management has increased from £1.1 billion in April 2010 to £1.3 billion by today’s date.
The group remains optimistic regarding the future, claiming confidence that this trend will continue based on growing demand from retail investors for developed market equities.
Liontrust’s preliminary results are scheduled for announcement on June 15.
From Friday, Alastair Barbour will replace Graham Hooper on the board of directors.
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