Liontrust has seen net inflows for the half-year to 30 September nearly double compared to the previous year, taking in £303m into its UK retail offerings, although institutional funds suffered outflows.
The firm's institutional range saw outflows of £160m over the six-month period, taking the closing AUM down to £966m. However, overall inflows reached £178m over the six months to 30 September, nearly double the £92m seen during the same time last year. Assets under management increased by 48% during the period, largely thanks to the purchase of Alliance Trust Investments which completed in April 2017, to stand at £9.6bn by 30 September. By close of business on 9 October, AUM rose further to £9.8bn. Meanwhile, Alliance Trust Investments has seen assets grow by 10% to £2.8bn in the...
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