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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16.00 | 2.45% | 670.00 | 670.00 | 672.00 | 673.00 | 652.00 | 652.00 | 84,050 | 15:14:37 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 243.34M | 39.33M | 0.6160 | 10.88 | 427.77M |
From Apr 2019 to Apr 2024
TIDMLIO
RNS Number : 6029D
Liontrust Asset Management PLC
11 October 2018
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Half Year End Trading Update
Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, today issues its half year end trading update for the six months ended 30 September 2018.
Highlights
-- Assets under management ("AuM") were GBP12.0 billion as at close of business on 30 September 2018 (31 March 2018: GBP10.5 billion), an increase of 15% over the six months period
-- Net inflows of GBP403 million in the three months ended 30 September 2018 and GBP723 million for the six months ended 30 September 2018
Commenting, John Ions, Chief Executive, said:
"This has been another strong six months of sales with net inflows of GBP723 million over this period and GBP403 million over the past three months alone.
Particularly pleasing is the fact that the flows into Liontrust funds are coming from a broader spread of clients and into an expanding number of strategies. There has been strong client demand over the past five months for the launch of the funds managed by the Global Fixed Income ("GFI") team and this has resulted in David Roberts, Phil Milburn and Donald Phillips now managing nearly GBP300 million across the Strategic Bond, High Yield Bond and Absolute Return Bond strategies.
Demand for sustainable investment continues to rise and is reflected in the increase in our team's AuM from GBP2.5 billion when they joined Liontrust on 1 April 2017 to GBP3.4 billion. We believe our team's positive and thematic investment approach will continue to drive demand.
We are beginning to see a long anticipated increase in volatility in global bond markets and both our GFI and Sustainable Fixed Income teams are well positioned to manage our investors' money in this environment. They are very experienced teams, have strong long-term track records and have flexible investment mandates, and therefore we are confident they will continue to attract inflows into their funds.
The Economic Advantage funds have continued to deliver impressive performance against a weak market backdrop and have also enjoyed strong inflows despite the UK being overshadowed by Brexit uncertainty. This reiterates the desire of clients for strong investment processes as well as excellent long-term track records.
We are well positioned for the second half of our financial year given our strong fund management capability and our broader distribution reach. "
Funds under Management
On 30 September 2018, our AuM stood at GBP12,045 million 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 1,008 553 334 - 121
Economic Advantage 5,962 397 5,467 - 98
Macro Thematic 261 84 165 - 12
European Income 199 - 199 - -
Asia 122 - 112 - 10
Sustainable Investment 3,390 30 3,203 - 157
Global Fixed
Income 272 - 126 - 146
Multi-Asset 786 - - 786 -
Indexed 45 - 45 - -
Total 12,045 1,064 9,651 786 544
Funds Flows
The net inflows over the three months to 30 September 2018 are GBP403 million (2017: GBP156 million). A reconciliation of fund flows and AuM over the three months to 30 September 2018 is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
GBPm GBPm GBPm GBPm GBPm
Opening AuM - 1 July
2018 11,424 1,177 8,982 756 509
Net flows 403 (143) 492 27 27
Market and Investment
performance 218 30 177 3 8
Closing AuM - 30 September
2018 12,045 1,064 9,651 786 544
Liontrust has recorded net inflows for the half year are GBP723 million (2017: GBP178 million). A reconciliation of fund flows and AuM over the half year is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
GBPm GBPm GBPm GBPm GBPm
Opening AuM - 1 April
2018 10,475 1,144 8,201 700 430
Net flows 723 (134) 707 61 89
Market and Investment
performance 847 54 743 25 25
Closing AuM - 30 September
2018 12,045 1,064 9,651 786 544
Fund Performance (Quartile ranking)
Quartile Quartile Quartile Quartile Launch
ranking - ranking ranking ranking Date/Manager
Since Launch/Manager - 5 year - 3 year - 1 year Appointed
Appointed
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Growth
Fund 1 1 1 1 25/03/2009
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Special
Situations Fund 1 1 1 1 10/11/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Smaller
Companies Fund 1 1 1 1 08/01/1998
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Micro
Cap Fund 1 1 09/03/2016
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro Equity
Income Fund 1 3 4 4 31/10/2003
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 4 4 01/08/2002
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 1 1 1 15/11/2006
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 3 3 4 05/03/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 4 4 4 4 15/12/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 4 4 30/04/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 4 3 3 03/07/2013
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Monthly
Income Bond Fund 1 1 1 1 12/07/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Absolute
Growth Fund 3 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Corporate
Bond Fund 1 1 1 2 20/08/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Cautious
Managed Fund 1 2 1 23/07/2014
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Defensive
Managed Fund 1 1 1 23/07/2014
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF European
Growth Fund 2 2 3 4 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Global
Growth Fund 4 2 1 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), to 30 September 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 2 October 2018.
Notice of Half Year Results Announcement
Liontrust confirms that it will be announcing its half year results for the six months ended 30 September 2018 on Wednesday, 21 November 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 Services 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTMMMMGGGDGRZM
(END) Dow Jones Newswires
October 11, 2018 02:00 ET (06:00 GMT)
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