Liontrust AUM jumps 19% despite muted UK retail flows

Retail flows for the half year at £4m

Liontrust Asset Management has reported an increase of nearly £900m in AUM in the six months to 30 September, although UK retail net inflows for the period were just £4m.

In a trading update, the group said AUM grew from £4.8bn at close of business 31 March 2016 to close at £5.7bn six months later on 30 September 2016, an increase of nearly £900m or 19%. However, the increase was largely driven by fund performance and £272m was added from the acquisition of Argonaut Capital Partners' European Income business, which completed in July. The group saw recorded net inflows of £92m for the half-year period, slightly lower than the £110m reported in 2015, and this was mainly driven by institutional flows of £77m. In comparison, the managed portfolio services ...