A further £1.2bn has been withdrawn from Liontrust in the opening three months of the year, pushing total net outflows for the financial year to £6.1bn.
According to the firm's trading update for the financial year and three months to 31 March 2024, UK retail funds and MPS saw the heaviest exit, responsible for 72% of outflows over Q1 and 66% over the full financial year. While positive market and investment performance helped steady the negative impact of flows, the business stands £3.6bn (11.4%) poorer than in April 2023, down to £27.8bn total assets under management and advice. Liontrust share price unresponsive to Artemis merger approach speculation However, over the opening quarter of the calendar year, this positive performan...
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