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Liontrust sees £7m net outflows in ‘unsettling’ markets

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Liontrust Asset Management saw £7m in total net outflows between April and June following a period of continued market volatility.

In a trading update, published today, the company says assets under management remained relatively flat at £4.46bn as at the end of June.

The group’s institutional fund range was impacted by £29m in net outflows and a £16m decline in assets as a result of market movements.

But its UK retail business was down just £5m over the second quarter to over £3bn AUM.

Liontrust chief executive John Ions says the loss follows “a period of great uncertainty for investors.”

He says: “Internationally the ongoing negotiations between Greece and the rest of the Eurozone and the International Monetary Fund over a further bailout have dominated the news for the past few weeks, we have seen significant volatility in the Chinese stockmarket after reaching a seven-year high in mid-June and then there are continued concerns over future liquidity of bond markets.

“While such an environment can be unsettling, we seek to take advantage of uncertainty where it produces investment opportunities for the benefit of our clients.”

The group launched the long-short Ucits Global Strategic Equity fund last week, run by Patrick Cadell.

Ions adds: “The enhancement of our investment offering is important in meeting clients’ changing asset allocation and diversification requirements, particularly during periods of political, economic and market uncertainty. This is a key strategic objective of the business for the next year.”

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