LONDON (ShareCast) - (Sharecast News) - Fund manager Liontrust Asset Management said on Wednesday that assets under management had continued to grow in the six months ended 30 September.
Liontrust said assets under management had increased 28% since the end of the previous year to £20.6bn, while net inflows for the period hit £1.74bn.

The FTSE 250-listed firm highlighted that assets under management were expected to rise to £26.0bn after completing its acquisition of Architas UK Investment at the end of October.

Liontrust expects to report its fully-audited interim results on 25 November.

Chief executive John Ions said: "The strong momentum of the business over the past few years has continued through the Covid-19 crisis. This is testament to our fund management teams and their robust investment processes, strong relationships with clients, the power of the brand and how successfully everyone at Liontrust has adapted to the current environment.

"I am positive about the outlook for both Liontrust and active management in general. Our industry can live up to its key role of deploying capital to enable the economy to grow even in the current challenging environment."

As of 1055 BST, Liontrust shares were down 0.36% at 1,365.0p.

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