TIDMLIO
RNS Number : 2042Z
Liontrust Asset Management PLC
09 January 2020
Embargoed until 7am on 9 January 2020
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust"), the specialist
independent fund management group, today issues a trading update
for the period from 1 October to 31 December 2019.
Highlights
-- Assets under management ("AuM") were GBP19.1 billion as at
close of business on 31 December 2019.
-- Net inflows of GBP836 million in the three months ended 31
December 2019 and GBP2,203 million for the nine months ended 31
December 2019.
-- Acquisition of Neptune Investment Management Limited
("Neptune") completed on 1 October 2019, adding GBP2.7 billion to
AuM.
-- Four investment teams with over GBP1 billion of AuM, with the
Sustainable Investment team over GBP5 billion and the Global Fixed
Income team over GBP750 million.
Commenting, John Ions, Chief Executive, said:
"Liontrust has continued to generate significant growth. We have
delivered net inflows of GBP836 million over the past three months
and GBP2.2 billion since the start of the financial year on 1 April
2019. Net inflows for the past nine months are almost double those
of the same period last year.
These sales in combination with performance, market movements
and the acquisition of Neptune Investment Management on 1 October
2019 have led to Liontrust's AuM now exceeding GBP19 billion. A
year ago, our AuM was GBP11.2 billion.
The addition of the Global Equity team from Neptune has been
well received and we have started marketing the managers and their
range of funds. The diversification they provide across global
equities and emerging markets is offering opportunities to expand
our client base.
The funds managed by the Sustainable Investment team continue to
experience strong flows, with its AuM increasing to over GBP5
billion. While the retail market has primarily driven these sales,
there is growing interest from institutional investors and we are
optimistic about increasing flows from non-UK investors.
As we enter a new decade, we anticipate the strong momentum
behind sustainable investment at the end of the last will
accelerate. All stakeholders, whether they be individuals,
corporates or governments, have an obligation to consider and
improve the environmental and social outcomes of their investments,
which are best achieved by active investment managers.
With Liontrust's breadth and experience in both fixed income and
equities, we are ideally positioned to benefit from this."
Funds under Management
On 31 December 2019, our AuM stood at GBP19,105 million and were
broken down by type and process as follows:
Offshore
Process Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Economic Advantage 7,748 248 7,313 - 187
Sustainable Investment 5,370 37 5,013 - 320
Global Equity 2,760 340 2,420 - -
Cashflow Solution 1,082 688 307 - 87
Multi-Asset 990 - - 990 -
Global Fixed
Income 775 - 355 - 420
Macro Thematic 129 - 129 - -
European Income 144 - 144 - -
Asia Income 107 - 91 - 16
Total 19,105 1,313 15,772 990 1,030
Funds Flows
The net inflows over the three months to 31 December 2019 are
GBP836 million (2018: GBP471 million). A reconciliation of fund
flows and AuM over the three months to 31 December 2019 is as
follows:
Offshore
Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Opening AuM - 1 October
2019 14,649 817 12,020 939 873
Net flows 836 116 543 41 136
Market and Investment
performance 887 41 815 10 21
Acquisitions (Global
Equity team) 2,733 339 2,394 - -
Closing AuM - 31 December
2019 19,105 1,313 15,772 990 1,030
Liontrust has recorded net inflows over the nine months to 31
December 2019 of GBP2,203 million (2018: GBP1,194 million). A
reconciliation of fund flows and AuM over the nine months to 31
December 2019 is as follows:
Offshore
Total Institutional UK Retail Multi-Asset Funds
GBPm GBPm GBPm GBPm GBPm
Opening AuM - 1 April
2019 12,655 845 10,317 844 649
Net flows 2,203 72 1,717 102 312
Market and Investment
performance 1,514 57 1,344 44 69
Acquisitions (Global
Equity team) 2,733 339 2,394 - -
Closing AuM - 31 December
2019 19,105 1,313 15,772 990 1,030
UK Retail Fund Performance (Quartile ranking)
Quartile Quartile Quartile Quartile Launch
ranking - ranking ranking ranking Date/Manager
Since Launch/Manager - 5 year - 3 year - 1 year Appointed
Appointed
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Economic Advantage
funds
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Growth
Fund 1 1 2 3 25/03/2009
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Special
Situations Fund 1 1 1 3 10/11/2005
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Smaller
Companies Fund 1 1 1 2 08/01/1998
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Micro
Cap Fund 1 - 1 2 09/03/2016
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Sustainable Future
funds
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Monthly
Income Bond Fund 2 1 1 3 12/07/2010
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Absolute
Growth Fund 3 1 1 1 19/02/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Corporate
Bond Fund 1 1 1 1 20/08/2012
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Cautious
Managed Fund 1 1 1 1 23/07/2014
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Defensive
Managed Fund 1 1 1 1 23/07/2014
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF European
Growth Fund 2 1 1 1 19/02/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Global
Growth Fund 3 1 1 1 19/02/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Managed
Fund 2 1 1 1 19/02/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Ethical
Fund 2 1 1 1 01/12/2000
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust SF UK Growth
Fund 2 1 1 1 19/02/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Global Equity funds(1)
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Balanced
Fund 1 1 1 3 31/12/1998
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust China Fund 3 3 4 4 31/12/2004
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Emerging
Market Fund 2 1 2 3 30/09/2008
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Opportunities Fund 1 4 4 4 29/11/2002
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Smaller Companies
Fund 1 2 1 3 01/07/2016
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Alpha Fund 1 1 1 3 31/12/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Dividend Fund 3 3 1 1 20/12/2012
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Equity Fund 1 3 2 4 31/12/2001
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Technology Fund 2 - 1 4 15/12/2015
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Income
Fund 1 1 2 4 31/12/2002
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Japan Equity
Fund 3 - 2 2 22/06/2015
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Japan Opportunities
Fund 1 4 4 2 30/09/2002
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Mid
Cap Fund 1 4 4 3 15/12/2008
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Opportunities
Fund 2 3 2 1 29/12/2006
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust US Income
Fund 3 2 3 4 30/09/2010
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust US Opportunities
Fund 1 2 1 2 31/12/2002
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Macro Thematic, Cashflow, Asia Income and European
Income funds
------------------------------------------------------------------------------- ---------- --------------
Liontrust Macro Equity
Income Fund 1 3 3 2 31/10/2003
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 3 2 01/08/2002
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 1 3 1 15/11/2006
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 3 4 4 03/07/2013
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 2 4 3 05/03/2012
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 4 4 4 4 15/12/2005
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 3 2 30/04/2010
------------------------------- ---------------------- ---------- ---------- ---------- --------------
Source: Financial Express to 31 December 2019 as at 6 January
2020, bid-bid, total return, net of fees, based on primary share
classes. 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 or UK authorised ICVCs (primary
share class).
(1) Liontrust Latin America Fund, Liontrust Russia Fund and
Liontrust India Fund are not included as they are in IA sectors
that are not rankable (e.g. Specialist and Unclassified) as it
would not be a fair comparison to make.
For further information please contact:
Liontrust Asset Management Plc 020 7412 1700
John Ions www.liontrust.co.uk
Vinay Abrol
Simon Hildrey - Chief Marketing Officer
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
Numis Securities Limited 020 7260 1000
Corporate Broking & Advisory - Charles Farquhar
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTFZGGMVRGGGZM
(END) Dow Jones Newswires
January 09, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Liontrust Asset Management (LSE:LIO)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Liontrust Asset Management (LSE:LIO)
Storico
Da Apr 2023 a Apr 2024
