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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 669.00 | 666.00 | 669.00 | 0.00 | 01:00:00 |
| 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 : 1965P
Liontrust Asset Management PLC
09 October 2019
Embargoed until 7am on 9 October 2019
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 2019.
Highlights
-- Assets under management ("AuM") were GBP14.6 billion as at close of business on 30 September 2019 (31 March 2019: GBP12.7 billion)
-- Net inflows of GBP642 million in the three months ended 30 September 2019 and GBP1,367 million for the six months ended 30 September 2019
-- GBP3.1 billion of net inflows in the past 18 months
-- Neptune Investment Management Limited ("Neptune") acquisition completed on 1 October 2019 adding GBP2.7 billion to AuM, taking Liontrust's AuM to GBP17.4 billion
-- The Neptune investment team has been renamed the Liontrust Global Equity team
Commenting, John Ions, Chief Executive, said:
"Liontrust continues to make substantial progress, delivering GBP642 million in net inflows over the past three months and completing the acquisition of Neptune on 1 October. This has sustained the growth of the business of the last few years, with net inflows of GBP1.37 billion over the past six months and GBP3.1 billion over the past 18 months.
These positive flows demonstrate the attraction of rigorous investment processes, strong long-term fund performance, a high-profile brand and the effectiveness of our sales and marketing.
The net inflows have been achieved at a time of uncertainty for retail investors in the UK. Equity funds in aggregate across the industry have had net outflows for 10 of the past 13 months(1) while retail funds suffered total net outflows of GBP1.71 billion in August alone.
Liontrust has continued to grow in this environment because of the quality of the investment teams and our more diversified proposition, with flows into equity, fixed income, sustainable and multi-asset portfolios that meet ever more demanding client requirements.
Our investment capability is being broadened further with the addition of the Neptune investment team, now known as the Liontrust Global Equity team. We have been impressed by the quality of the team, and they bring an excellent range of funds with strong long-term performance.
Liontrust Income is ranked 2nd out of 79 funds in the IA UK Equity Income sector over three years to 30 September 2019. Liontrust Global Alpha is ranked 1st, Liontrust Global Dividend is 2nd, Liontrust Global Technology is 4th and Liontrust Balanced is 3rd in their respective IA sectors over three years(2) .
Liontrust provides the team with an environment that will enable them to concentrate on delivering returns and meeting the expectations of clients and investors.
Our business has moved forward strongly over the last few years and is well positioned to continue this growth with an excellent investment proposition and our continued focus on client service."
(1) Source: IA to the end of August 2019.
(2) Source: Financial Express to 30 September 2019 as at 8 October 2019, bid-bid, total return, net of fees, based on primary share classes. Past performance is not a guide to future performance, investments can result in total loss of capital. Liontrust Global Alpha is in the IA Flexible Investment sector, Liontrust Global Dividend is in the IA Global Income sector, Liontrust Global Technology is in the IA Technology and Telecoms sector and Liontrust Balanced is in the IA Mixed Investment 40-85% Shares sector.
Funds under Management
On 30 September 2019, our AuM stood at GBP14,649 million (excluding Neptune AuM) 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 985 550 348 - 87
Economic Advantage 7,029 234 6,644 - 151
Macro Thematic 124 - 124 - -
European Income 164 - 164 - -
Asia 125 - 109 - 16
Sustainable Investment 4,612 33 4,327 - 252
Global Fixed Income 671 - 304 - 367
Multi-Asset 939 - - 939 -
Total - 30 September
2019 14,649 817 12,020 939 873
Global Equity(3) 2,733 339 2,394 - -
Total including
Global Equity 17,382 1,156 14,414 939 873
(3) Neptune acquisition completed on 1 October 2019 adding GBP2,733 million to AuM (close of business 30 September 2019), taking Liontrust's AuM to GBP17,382 million.
Funds Flows
The net inflows over the three months to 30 September 2019 are GBP642 million (2018: GBP403 million). A reconciliation of fund flows and AuM over the three months to 30 September 2019 is as follows:-
Offshore
Total Institutional UK Retail Multi-Asset Funds
GBPm GBPm GBPm GBPm GBPm
Opening AuM - 1 July
2019 14,097 845 11,569 899 784
Net flows 642 (17) 542 33 84
Market and Investment
performance (90) (11) (91) 7 5
Closing AuM - 30 September
2019 14,649 817 12,020 939 873
Liontrust has recorded net inflows for the half year of GBP1,367 million (2018: GBP723 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
2019 12,655 845 10,317 844 649
Net flows 1,367 (44) 1,174 61 176
Market and Investment
performance 627 16 529 34 48
Closing AuM - 30 September
2019 14,649 817 12,020 939 873
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 2 25/03/2009
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Special
Situations Fund 1 1 1 2 10/11/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Smaller
Companies Fund 1 1 1 2 08/01/1998
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust UK Micro
Cap Fund 1 - 1 1 09/03/2016
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro Equity
Income Fund 1 3 3 1 31/10/2003
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Macro UK
Growth Fund 2 4 4 3 01/08/2002
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Growth Fund 1 2 4 4 15/11/2006
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Asia Income
Fund 2 2 4 2 05/03/2012
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Income Fund 4 4 4 2 15/12/2005
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust European
Enhanced Income Fund
(Hedged) 4 4 4 2 30/04/2010
------------------------ ---------------------- ---------- ---------- ---------- --------------
Liontrust Global
Income Fund 4 4 4 3 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 1 1 3 20/08/2012 ------------------------ ---------------------- ---------- ---------- ---------- -------------- Liontrust SF Cautious Managed Fund 1 1 1 1 23/07/2014 ------------------------ ---------------------- ---------- ---------- ---------- -------------- Liontrust SF Defensive Managed Fund 1 1 1 1 23/07/2014 ------------------------ ---------------------- ---------- ---------- ---------- -------------- Liontrust SF European Growth Fund 2 2 3 1 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 2 19/02/2001 ------------------------ ---------------------- ---------- ---------- ---------- --------------
Source: Financial Express to 30 September 2019 as at 3 October 2019, bid-bid, total return, net of fees, based on primary share classes. Past performance is not a guide to future performance, investments can result in total loss of capital. The above funds are all UK authorised unit trusts or UK authorised ICVCs (primary share class).
Notice of Half Year Results Announcement
Liontrust confirms that it will be announcing its half year results for the six months ended 30 September 2019 on Wednesday, 20 November 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
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
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
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
TSTKMMGGKRKGLZM
(END) Dow Jones Newswires
October 09, 2019 02:00 ET (06:00 GMT)
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