Liontrust Asset Management has seen net inflows nearly double for the financial year ending 31 March to £482m, while the recently completed acquisition of Alliance Trust Investments has pushed assets under management (AUM) up to £9.1bn.
The firm took in some £482m over the 12-month period, compared to £255m in the 2016 financial year. Over the latest quarter to 31 March, inflows hit £200m, compared to £92m during the same period in 2016. Miton's Chimes joins Liontrust as head of global distribution The strong inflows came from the retail channel, which brought in £368m over the 12 months, while institutional inflows only amounted to £3m. Meanwhile, the financial year saw a £1.7bn jump in AUM up to £6.5bn. On 3 April, the firm announced its completion of the acquisition of Alliance Trust Investments, which dro...
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