Proactive Investors - Run By Investors For Investors

Liontrust reports drop in quarterly net flows, addresses FCA asset management report

Liontrust said it is in a strong position to a co-operate with the FCA's calls to cut costs and increase transparency in the £7trn investment sector
The FCA has called on sweeping reforms of the asset management industry

Liontrust Asset Management plc (LON:LIO) has reported a drop in quarterly net flows, blaming the repatriation of assets from an institutional client, though assets under management almost doubled.

Net flows in the period from 1 April to 30 June came to £22mln, compared to £66mln the same period a year ago, according to a year-end trading update.

UK net retail flows in the last three months, however, reached the second highest quarterly amount in more than seven years at £177mln, up from £36mln the prior year.

Assets under management at 30 June were £9.3bn, compared to £4.8mln the same time the previous year and £6.5mln at the end of March.

The company also touched on the Financial Conduct Authority’s recent review into asset managers. The FCA’s report called on sweeping reforms of the £7trn sector that would force fund managers to cut costs and increase transparency.

Liontrust chief executive John Ions said: “We welcome the FCA asset management market study given that the low savings ratio is a problem for the country. As active fund managers, there is a key role for us to play in helping investors meet their financial requirements. The moves to improve transparency, communication and value are steps in the right direction.”

Ions added that he believes the company is in a “strong position” to play a part in helping to alleviate the savings problem in the asset management industry.

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

November 15 2017
Next Fifteen Communications expects another strong performance in the second half
Media junkie
February 13 2018
In modern parlance, Ebiquity is making a pivot towards becoming the "world's leading tech-enabled marketing and media analytics consultancy"
Throne of Glass
April 30 2018
Rowling, Rowling, Rowling ... keep those titles rolling. Mind you, it's not all about Ms Rowling; Sarah J Maas title revenues grew 47% in the first half of the financial year and dieters are gorging on Tom Kerridge's books

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use