Liontrust sees £7m quarterly outflow after 'period of great uncertainty'

Liontrust has reported a £7m net outflow for the three months to 30 June as an uncertain period for investors temporarily pushed down assets under management.

The fund house said AUM stood at £4.46bn at the end of last month, down from £4.5bn as of 31 March. Assets have since risen to £4.55bn as domestic investors welcomed greater political clarity post-general election, the group added. A resultant return of inflows to its UK retail funds saw the segment post £2m in net inflows over the three-month period, offset by £29m in outflows from institutional clients. The firm - the first of the listed UK asset managers to report figures for the past three months - said investors had experienced significant upheaval over the quarter. “We ha...