Liontrust assets rise 24% as inflows surge

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Liontrust Asset Management has seen its assets rise by 24 per cent in the past year, to £4.5bn, following a 75 per cent jump in inflows.

The fund manager saw net inflows for the year to the end of March of £667m, a 75 per cent increase on the £381m seen a year earlier.

The rise in assets also led to an increase in profits for the manager, with profits before tax up 125 per cent from £3.2m to £7.3m. The publically-listed group also announced a second interim dividend per share of 6 pence.

Liontrust chief executive John Ions says: “The key to the success of the business has been, and will continue to be, the strength of our fund management teams and long-term performance, the increasing breadth of our distribution capability both in the UK and internationally, the distinctiveness and visibility of the Liontrust brand and the robustness of the business’ infrastructure to support and help drive fund management, sales and marketing.”

Liontrust says it will continue to diversify its asset management business, particularly into alternatives. Recently the manager made the move into global equities with the hire of Kristof Bulkai, Patrick Cadell and Hugo Rogers from F&C. The group will also launch a global water and agriculture fund later this year.

Ions says: “The enhancement of our alternative investments offering is important to meet clients’ changing asset allocation and diversification requirements. We are building a range of funds and solutions that meet investors’ needs throughout the market cycle.”

Of the £4.5bn in assets held by Liontrust, £3.1bn is in retail while £1.2bn is institutional assets. The institutional side of the business also saw the lion’s share of the inflows, with £402m of the net inflows compared to £236m for retail.