Liontrust Asset Management (LSE:LIO) PLC has described the last six months as a ‘challenging’ period for markets with funds under its control down £2.2bn in that period to £33.5bn as of the end of last month.
The FTSE 250 investment firm said the majority of the funds outflow was seen over the last quarter. It has seen a further drop in assets under management (AuM) in the two weeks to October 14, 2022, to £31.2bn.
Liontrust said there were obviously nerves among investors given the prolonged market turbulence against a backdrop of the Ukraine war, rising prices and interest rates.
However, it hailed the underlying solidity of the assets it owns. Liontrust chief executive John Ions said: “The volatile markets while challenging, are presenting opportunities to invest in many high-quality companies around the world on highly attractive valuations.”
The company said it plans to expand sales by funds, geography clients. “With the excellence of our investment teams, distribution and brand, underpinned by our strong balance sheet, Liontrust is well positioned to generate future growth,” CEO Ions added.