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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15.00 | 2.29% | 669.00 | 667.00 | 668.00 | 673.00 | 652.00 | 652.00 | 185,760 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 243.34M | 39.33M | 0.6160 | 10.83 | 425.86M |
From Apr 2019 to Apr 2024
TIDMLIO
RNS Number : 5423M
Liontrust Asset Management PLC
09 January 2019
Embargoed until 7am on 9 January 2019
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, today issues a trading update for the period from 1 October to 31 December 2018 (the "Period").
Highlights
-- Assets under management ("AuM") were GBP11.2 billion as at close of business on 31 December 2018 (30 September 2018: GBP12.0 billion).
-- Net inflows of GBP471 million in the three months ended 31 December 2018 and GBP1,194 million for the nine months ended 31 December 2018.
Commenting, John Ions, Chief Executive, said:
"Liontrust has continued to generate strong sales, with a successful last three months of 2018 delivering GBP471 million of net inflows. Liontrust has now recorded net inflows of GBP1.19 billion since the start of the financial year on 1 April 2018.
This has been achieved despite the challenging environment for equities and bonds in the latter part of 2018. The level of positive sales is testament to our broader fund management capability, robust investment processes, the ongoing attraction of truly active fund management and the power of our distribution.
Through the addition of the Global Fixed Income team of David Roberts and Phil Milburn from Kames Capital and Donald Phillips from Baillie Gifford last year and the Sustainable Investment team from Alliance Trust Investments in 2017, we have further diversified both the asset classes we manage and our client base. This diversification has helped to increase sales in the current financial year and is providing greater stability during volatile markets.
The Liontrust UK Micro Cap Fund, which is managed by the Economic Advantage team and will celebrate its three-year anniversary in March, demonstrates the added value that active management can provide investors. The Fund was the top performer in the IA UK Smaller Companies sector in 2018, delivering a positive return of 3.05%. In comparison, the return of the average fund in the sector was -11.70%.*
The experience, track record and robust investment processes of our fund management teams, along with the strength of our distribution, service and administration, give me great confidence that Liontrust is well positioned for the future, however challenging and unpredictable it may be."
*Source: Financial Express, total return (income reinvested and net of fees), to 31 December 2018
Funds under Management
On 31 December 2018, our AuM stood at GBP11.239 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 870 477 297 - 96
Economic Advantage 5,508 220 5,194 - 94
Macro Thematic 147 - 137 - 10
European Income 176 - 176 - -
Asia 109 - 99 - 10
Sustainable Investment 3,332 27 3,111 - 194
Global Fixed
Income 328 - 162 - 166
Multi-Asset 769 - - 769 -
Total 11,239 724 9,176 769 570
Funds Flows
The net inflows over the three months to 31 December 2018 are GBP471 million (2017: GBP571 million). A reconciliation of fund flows and AuM over the three months to 31 December 2018 is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Opening AuM - 1 October
2018 12,045 1,064 9,651 786 544
Net flows 471 (184) 547 33 75
Market and Investment
performance (1,277) (156) (1,022) (50) (49)
Closing AuM - 31 December
2018 11,239 724 9,176 769 570
Liontrust has recorded net inflows over the nine months to 31 December 2018 of GBP1,194 million (2017: GBP749 million). A reconciliation of fund flows and AuM over the nine months to 31 December 2018 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 1,194 (318) 1,254 94 164
Market and Investment
performance (430) (102) (279) (25) (24)
Closing AuM - 31 December
2018 11,239 724 9,176 769 570
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 4 3 3 31/10/2003
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 4 3 01/08/2002
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 1 2 3 15/11/2006
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 3 3 2 05/03/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 3 3 4 2 15/12/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 4 3 30/04/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 4 2 3 03/07/2013
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Monthly
Income Bond Fund 2 2 1 4 12/07/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Absolute
Growth Fund 3 1 1 1 19/02/2001
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust SF Corporate
Bond Fund 2 2 1 4 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 3 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 31 December 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). 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 3 January 2019.
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 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
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(END) Dow Jones Newswires
January 09, 2019 02:00 ET (07:00 GMT)
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