Shares in Liontrust Asset Management (LSE:LIO) fell 3.7% to 315.79p after a slight increase in net outflows was reported for the past quarter, despite an "acceleration of interest" in its strategies.
Net outflows of £1.2 billion were recorded for the three months ended 30 September 2025, compared to the £1.1 billion recorded in the preceding quarter and in the same period last year.
Assets under management and advice (AuMA) declined 2.7% over the quarter to £22.0 billion but had risen slightly to £22.2 billion by 3 October.
Outflows were spread across UK wealth manager, adviser and retail clients, though the company said it is seeing growing interest from institutional investors and international markets, including new mandates and clients adding Liontrust strategies to their buy lists.
"Over the past few quarters, we have written about our belief that the market environment going forward will be more favourable for active managers,” said chief executive John Ions.
"We are now seeing clients seeking to diversify away from the US and towards active management, and this is shown in an acceleration of interest in Liontrust strategies."
However, he admitted that this progress "has been slower than as we had hoped".