Liontrust confident as quarterly net outflows improve
By Josh White
Date: Wednesday 15 Jan 2025
(Sharecast News) - Liontrust Asset Management reported net outflows of £1.6bn for the three months ended 31 December on Wednesday, slightly improved from £1.7bn in the same period of 2023.
The London-listed company said assets under management and advice (AuMA) declined by 5.3% during the quarter to £24.6bn.
As of 9 January, that figure stood at £24.7bn.
The company said its sustainable investment team had adopted the 'Sustainable Focus' label for its 10 UK-domiciled funds, which collectively account for £8.5bn of AuMA.
Liontrust's business transformation programme was meanwhile advancing, with the company identifying increased annualised cost savings as part of its efforts to enhance operational efficiency.
Despite a challenging market environment, Liontrust said it was focussed on its strategic initiatives and maintaining its position as a specialist in independent fund management.
"Liontrust will be adopting the FCA's Sustainability Focus label for all 10 of the UK-domiciled funds managed by the Sustainable Investment team with a total of £8.5bn in AuMA," said chief executive officer John Ions.
"Improving trust and transparency of sustainable investment funds will play a key role in clients' decision making.
"Clients will benefit from Liontrust having one of the broadest fund ranges with SDR labels, comprising equity, fixed income and managed funds."
Ions said Liontrust and other active managers were still facing external headwinds, but said he believed the impact would lessen over the course of 2025.
"The group continues to make good progress towards our strategic objectives and there is increasingly strong fund performance.
"We are well placed to take advantage of opportunities ahead.
"Alongside our proven investment processes, market-leading brand, strong client relationships, communications and engagement, we are making further progress in achieving our strategic objectives of enhancing the client experience and outcomes, diversifying the fund range, broadening the client base, and strengthening our technological, data and digital capability."
At 1046 GMT, shares in Liontrust Asset Management were up 1.49% at 408p.
Reporting by Josh White for Sharecast.com.
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