Liontrust Asset Management PLC Trading Statement (1058F)

TIDMLIO

RNS Number : 1058F

Liontrust Asset Management PLC

11 July 2019

Embargoed until 7am on 11 July 2019

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Trading Update

Liontrust Asset Management Plc ("Liontrust" or the "Company"), the specialist independent fund management group, today issues a trading update for the period from 1 April to 30 June 2019 (the "Period").

Highlights

-- Assets under management ("AuM") were GBP14.1 billion as at close of business on 30 June 2019 (31 March 2019: GBP12.7 billion), an increase of 11% over the Period

   --    Net inflows of GBP725 million in the Period (2018: GBP320 million) 

Commenting, John Ions, Chief Executive, said:

"Liontrust has had a successful start to the new financial year, with net inflows of GBP725 million over the quarter and AuM reaching GBP14.1 billion on 30 June 2019. This maintains the momentum behind the business of the past year and shows that our growth strategy is on track.

This has been achieved through strong long-term investment performance, the quality of Liontrust's sales and marketing, the increasing breadth of our client base and the robust infrastructure of the business.

The level of net inflows also demonstrates the continued attraction of actively managed funds which can demonstrate rigorous and repeatable investment processes.

We are well positioned to sustain the Company's growth trajectory and will accomplish this by maintaining focus on our business strategy, ensuring we continually meet client and investor expectations and through the excellence of our fund management, sales, marketing and administration teams."

Funds under Management

On 30 June 2019, our AuM stood at GBP14.097 billion and were broken down by type and process as follows:-

 
                                                                              International 
         Process           Total    Institutional   UK Retail   Multi-Asset           Funds 
                           (GBPm)          (GBPm)      (GBPm)        (GBPm)          (GBPm) 
 Cashflow Solution          1,012             570         350             -              92 
 Economic Advantage         6,923             242       6,554             -             127 
 Macro Thematic               133               -         133             -               - 
 European Income              175               -         175             -               - 
 Asia                         125               -         111             -              14 
 Sustainable Investment     4,275              33       3,994             -             248 
 Global Fixed 
  Income                      555               -         252             -             303 
 Multi-Asset                  899               -           -           899               - 
 Total                     14,097             845      11,569           899             784 
 

Funds Flows

The net inflows over the three months to 30 June 2019 are GBP725 million (2018: GBP320 million). A reconciliation of fund flows and AuM over the three months to 30 June 2019 is as follows:-

 
                                                                             International 
                           Total   Institutional   UK Retail   Multi-Asset           Funds 
                          (GBPm)          (GBPm)      (GBPm)        (GBPm)          (GBPm) 
 
 Opening AuM - 1 April 
  2019                    12,655             845      10,317           844             649 
 
 Net flows                   725            (27)         631            29              92 
 
 Market and Investment 
  performance                717              27         621            26              43 
 
 Closing AuM - 30 June 
  2019                    14,097             845      11,569           899             784 
 

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                 3           2           1        31/10/2003 
------------------------  ----------------------  ----------  ----------  ----------  -------------- 
 Liontrust Macro UK 
  Growth Fund                        2                 4           4           2        01/08/2002 
------------------------  ----------------------  ----------  ----------  ----------  -------------- 
 Liontrust European 
  Growth Fund                        1                 2           3           4        15/11/2006 
------------------------  ----------------------  ----------  ----------  ----------  -------------- 
 Liontrust Asia Income 
  Fund                               2                 2           4           3        05/03/2012 
------------------------  ----------------------  ----------  ----------  ----------  -------------- 
 Liontrust European 
  Income Fund                        4                 4           4           2        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                 3           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           2           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 30 June 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 5 July 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, Alex Moraru

   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

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July 11, 2019 02:00 ET (06:00 GMT)