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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Liontrust Asset Management Plc | LSE:LIO | London | Ordinary Share | GB0007388407 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19.00 | 2.91% | 673.00 | 672.00 | 673.00 | 673.00 | 652.00 | 652.00 | 54,112 | 11:31:44 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 243.34M | 39.33M | 0.6160 | 10.86 | 427.14M |
From Apr 2019 to Apr 2024
TIDMLIO
RNS Number : 4827K
Liontrust Asset Management PLC
11 April 2018
Embargoed until 7am on 11 April 2018
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust" or the "Group"), the specialist independent fund management group, is today issuing its financial year end trading update for the period from 1 January to 31 March 2018 (the "Period").
Highlights
-- Assets under management ("AuM") were GBP10.5 billion as at close of business on 31 March 2018 (31 March 2017: GBP6.5 billion), an increase of GBP4 billion or 61% over the financial year to 31 March 2018
-- Net inflows of GBP255 million in the Period (2017: GBP200 million ) and net inflows for the financial year to 31 March 2018 of GBP1,004 million (2017: GBP482 million)
Commenting, John Ions, Chief Executive, said:
"It has been a very successful and transformational year for Liontrust. We have delivered GBP1 billion of net inflows and a 61% growth in our AuM, reflecting the power of both our fund management and distribution capability and the investment we have made in these areas over the past few years. Liontrust had the 11(th) largest net retail sales in the UK in 2017 and had the 13(th) largest total net sales, according to the Pridham Report.
Having acquired the Sustainable Investment team at the start of the financial year, its AuM has increased by GBP500 million over the past 12 months to reach nearly GBP3 billion. This has positioned us not only with critical mass but a fantastic track record from a long established team. The demand for sustainable investing continues to increase and we are well positioned to benefit from this.
The recruitment of the leading global fixed income team of David Roberts, Phil Milburn and Donald Phillips further demonstrates that Liontrust is well positioned to attract leading industry talent and their first fund - the Ireland-domiciled GF Strategic Bond Fund - will launch this Friday.
Our commitment to active management, driven by strong investment processes, has never been more important as the passive versus active debate continues to divide investors.
The asset management industry is under immense scrutiny from both regulators and, more importantly, investors. This is a time of great opportunity, however, and the successful companies will offer strong long-term performance in line with client expectations combined with first class service and communication.
By continuing to focus on these core objectives, we can engender trust, retain investor loyalty and look forward with confidence."
Funds under Management
On 31 March 2018, our AuM stood at GBP10.475 billion and were broken down by type and process as follows:-
Hot Features
Premium
Offshore
Process Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Cashflow Solution 973 551 313 - 109
Economic Advantage 4,974 386 4,507 - 81
Macro Thematic 442 153 264 - 25
European Income 232 - 232 - -
Asia 114 - 104 - 10
Sustainable Investment 2,996 54 2,737 - 205
Multi-Asset 700 - - 700 -
Indexed 44 - 44 - -
Total 10,475 1,144 8,201 700 430
Funds Flows
The net inflows over the Period are GBP255 million (2017: GBP200 million). A reconciliation of fund flows and AuM over the Period is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Opening AuM - 1 January
2018 10,556 1,037 8,392 692 435
Net flows 255 96 109 36 14
Market and Investment
performance (336) 11 (300) (28) (19)
Closing AuM - 31 March
2018 10,475 1,144 8,201 700 430
Liontrust recorded net inflows of GBP1,004 million in the financial year to 31 March 2017 (2017: GBP482 million). A reconciliation of fund flows over the financial year is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
GBPm GBPm GBPm GBPm GBPm
Opening AuM - 1 April
2017 6,523 1,044 4,648 612 219
Net flows 1,004 (24) 906 76 46
Acquisitions* 2,518 49 2,316 - 153
Market and Investment
performance 430 75 331 12 12
Closing AuM - 31 March
2018 10,475 1,144 8,201 700 430
* Relates to the acquisition of Alliance Trust Investments Limited which completed on 1 April 2017.
Fund Performance (Quartile ranking)
Quartile Quartile Quartile Quartile Launch
ranking ranking ranking ranking Date/Manager
- Since - 5 year - 3 year - 1 year Appointed
Launch/Manager
Appointed
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust UK
Growth Fund 1 2 1 2 25/03/2009
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Special
Situations Fund 1 1 1 1 10/11/2005
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust UK
Smaller Companies
Fund 1 1 1 2 08/01/1998
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust UK
Micro Cap Fund 2 - - 2 09/03/2016
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Macro
Equity Income
Fund 1 3 4 3 31/10/2003
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Macro
UK Growth Fund 2 3 4 3 01/08/2002
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 2 1 4 15/11/2006
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Asia
Income Fund 2 2 3 3 05/03/2012
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 3 4 4 4 15/12/2005
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income
Fund (Hedged) 4 4 4 2 30/04/2010
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 3 - 3 2 03/07/2013
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust Monthly
Income Bond
Fund 1 1 1 1 12/07/2010
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Absolute Growth
Fund 4 1 1 1 19/02/2001
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Corporate Bond
Fund 1 1 1 1 20/08/2012
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Cautious Managed
Fund 1 - 1 1 23/07/2014
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Defensive Managed
Fund 1 - 1 1 23/07/2014
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
European Growth
Fund 2 2 2 3 19/02/2001
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Global Growth
Fund 4 2 2 1 19/02/2001
-------------------- ---------------- ---------- ---------- ---------- --------------
Liontrust SF
Managed Fund 2 1 1 1 19/02/2001
-------------------- ---------------- ---------- ---------- ---------- -------------- Liontrust UK Ethical Fund 2 1 1 1 01/12/2000 -------------------- ---------------- ---------- ---------- ---------- -------------- Liontrust SF UK Growth Fund 2 1 1 1 19/02/2001 -------------------- ---------------- ---------- ---------- ---------- --------------
Source: Financial Express, total return (income reinvested and net of fees), bid to bid, to 31 March 2018 unless otherwise stated, based on primary share classes. The above funds are all UK authorised unit trusts or UK authorised ICVCs (primary share class). Liontrust FTSE 100 Tracker Fund (index fund) not included. Past performance is not a guide to the future; the value of investments and the income from them can fall as well as rise. Investors may not get back the amount originally subscribed. Quartile rankings correct as at 6 April 2018.
Notice of Full Year Results Announcement
Liontrust confirms that it will be announcing its full year results for the financial year ended 31 March 2018 on Wednesday, 27 June 2018.
For further information please contact:
Liontrust Asset Management Plc 020 7412 1700
John Ions www.liontrust.co.uk
Vinay Abrol
Simon Hildrey - Chief Marketing Officer
Numis Securities Limited 020 7260 1000
Corporate Broking & Advisory - Charles Farquhar
Macquarie Capital (Europe) Limited 020 3037 2000
Advisory - Jonny Allison, Kavita Choitram
Corporate Broking - Alex Reynolds, Nicholas Harland
Forward Looking Statements
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements. Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority). Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.
Other information
The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTKMGMDKGGGRZM
(END) Dow Jones Newswires
April 11, 2018 02:00 ET (06:00 GMT)
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