Liontrust today reported inflows had more than trebled in the last quarter to over £300m as demand for its funds helped lift AUM despite the pullback in markets at the end of May.
Reporting on the three months to end of June, the group said net inflows had jumped from £93m this time last year to £302m. Liontrust has now seen 12 consecutive quarters of inflows. The inflows were concentrated on its retail funds - up £89m - as well as its offshore funds which saw flows of £158m. This helped offset minor outflows in its institutional business, and also helped the group grow AUM despite the sell-off at the end of the quarter. Despite market movements weighing on each of its three divisions, the group grew AUM from £3.04bn to £3.27bn over the quarter. John Ions...
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