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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -11.00 | -1.62% | 669.00 | 666.00 | 669.00 | 681.00 | 661.00 | 678.00 | 384,418 | 16:35:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 243.34M | 39.33M | 0.6160 | 10.84 | 426.5M |
From Apr 2019 to Apr 2024
TIDMLIO
RNS Number : 6839V
Liontrust Asset Management PLC
10 April 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 January to 31 March 2019 (the "Period").
Highlights
-- Assets under management ("AuM") were GBP12.7 billion as at close of business on 31 March 2019 (31 March 2018: GBP10.5 billion, 31 December 2018: GBP11.2 billion), an increase of 13% over the Period and 21% over the financial year to 31 March 2019
-- Net inflows of GBP581 million in the Period (2018: GBP255 million ) and net inflows for the financial year to 31 March 2019 of GBP1,775 million (2018: GBP1,004 million)
Commenting, John Ions, Chief Executive, said:
"It has been a successful year for Liontrust. Our AuM has increased by 21% to GBP12.7 billion, which has been driven by record net inflows of GBP1.8 billion. Over the past three months alone, we have delivered net inflows of GBP581 million.
This success comes at a challenging time, with negative retail fund flows across the UK industry as a whole in six of the last seven months up to and including February 2019. Equity funds in aggregate have suffered net outflows in nine out of the last 10 months, totalling GBP3.5 billion (Source: Investment Association).
The continued growth in our sales and AuM is testament to the quality of the investment talent at Liontrust and the broader breadth of asset classes and approaches we now offer.
Our Economic Advantage team continue to deliver strong performance and net inflows for their Special Situations, UK Small Companies and UK Micro Cap funds.
The Global Fixed Income team of David Roberts, Phil Milburn and Donald Phillips joined Liontrust early in 2018. With the one year anniversary of their first fund launch approaching on 13 April, the team are managing a total of GBP419 million. This shows the high regard in which investors hold this fund management team, their experience and track record.
We continue to see increasing interest in and flows into our sustainable funds. This is an ever-more competitive area as investor demand for sustainability grows, we are confident about the outlook for our team and the proposition they offer investors. The Liontrust team has a track record of more than 18 years of managing sustainable investments, a robust investment process and a broad range of single strategy and managed equity and fixed income funds.
The strength of our sales and marketing teams is shown by the increasing reach of our distribution in the UK and continental Europe. This is reflected in the fact Liontrust had the 6(th) highest net retail sales of UK domiciled funds and the 7(th) highest total net sales (including non-UK domiciled funds) in the UK in 2018 according to the Pridham Report, which analyses flows for the asset management industry.
We have further developed the infrastructure of the business and will complete the move of all our fund ranges to one administrator - Bank of New York Mellon (BNYM) - later this month. The consolidation of our funds with BNYM will provide efficiencies and provide a great foundation to build on for the future.
These developments and the quality of our fund management capability give me great confidence for our new financial year."
Funds under Management
On 31 March 2019, our AuM stood at GBP12.655 billion and were broken down by type and process as follows:-
Hot Features
Premium
International
Process Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Cashflow Solution 974 588 294 - 92
Economic Advantage 6,236 226 5,894 - 116
Macro Thematic 144 - 144 - -
European Income 176 - 176 - -
Asia 118 - 107 - 11
Sustainable Investment 3,744 31 3,516 - 197
Global Fixed
Income 419 - 186 - 233
Multi-Asset 844 - - 844 -
Total 12,655 845 10,317 844 649
Funds Flows
The net inflows over the three months to 31 March 2019 are GBP581 million (2018: GBP255 million). A reconciliation of fund flows and AuM over the three months to 31 March 2019 is as follows:-
International
Total Institutional UK Retail Multi-Asset Funds
(GBPm) (GBPm) (GBPm) (GBPm) (GBPm)
Opening AuM - 1 January
2019 11,239 724 9,176 769 570
Net flows 581 54 447 35 45
Market and Investment
performance 835 67 694 40 34
Closing AuM - 31 March
2019 12,655 845 10,317 844 649
Liontrust has recorded net inflows over the financial year to 31 March 2019 of GBP1,775 million (2018: GBP1,004 million). A reconciliation of fund flows and AuM over the financial year to 31 March 2019 is as follows:-
International
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 1,775 (264) 1,701 129 209
Market and Investment
performance 405 (35) 415 15 10
Closing AuM - 31 March
2019 12,655 845 10,317 844 649
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 1 09/03/2016
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro Equity
Income Fund 1 4 3 2 31/10/2003
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 4 3 01/08/2002
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 1 2 2 15/11/2006
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 2 3 2 05/03/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 4 4 4 3 15/12/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 4 3 30/04/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 4 3 4 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 1 2 1 3 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 3 3 19/02/2001 ------------------------ ---------------------- ---------- ---------- ---------- -------------- Liontrust SF Global Growth Fund 3 1 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 March 2019 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 April 2019.
Full year results
Liontrust confirms that it will be announcing its full year results for the financial year ended 31 March 2019 on Thursday, 27 June 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
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
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
TSTMMGGDNLKGLZM
(END) Dow Jones Newswires
April 10, 2019 02:00 ET (06:00 GMT)
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