John Ions, CEO of Liontrust
Net outflows rose 22% for Liontrust Asset Management in the three months ended 30 June (Q2 2024: £0.9bn).
The asset manager saw particularly high net outflows for UK retail funds and MPS which reported over £1.2bn in net outflows for the quarter.
The outflows came despite 73% of Liontrust funds being in the first or second quartile of their respective sectors since inception as at 7 July.
The UK retail fund outflows were partially offset by Liontrust’s international funds and accounts which saw net inflows of £135m over the quarter.
Assets under management and advice remained steady over the quarter at £22.6bn (as at 30 June).
John Ions, CEO of Liontrust, remained positive over longer-term performance for the asset manager.
He said: “Liontrust has spoken for the last nine months about how investors will need to search wider for alpha going forward and why this means a more positive environment for active management.
“We have now begun to see investors, led by institutional clients, turn more towards actively managed funds and diversify geographically, with Europe and the UK outperforming the US stock market over the first half of 2025.”
He added that the asset manager had made good progress towards its four strategic objectives, including broadening distribution and expanding its fund range.
Last year Liontrust made a failed bid for Swiss-based fund manager GAM. Only 33.45% of shareholders in Switzerland-based GAM voted in favour of the Liontrust offer, not enough for the offer to be accepted. Shareholders claimed that the deal undervalued GAM. The bid cost Liontrust over £11m in legal fees and costs.
