Liontrust Asset Management records £1.0bn in quarterly net inflows

Fund management group Liontrust Asset Management said on Wednesday that it had recorded net inflows of £1.0bn last quarter and £3.5bn for the 12 months ended 31 March.

Liontrust stated assets under management and advice were £30.9bn on 31 March, an increase of 5% over the quarter and 92% year-on-year, with the group's sustainable investment team assets under management and advice exceeding £10.0bn.

The FTSE 250-listed firm also plans to launch a sustainable investment trust in late June.

The sale of Liontrust's Asia Income investment team reduced assets by £97.0m, but the acquisition of the Architas UK investment business in October added £5.6bn.

Liontrust also highlighted that 17 funds had received a 5-Crown rating from FE fundinfo and 12 had been shortlisted for "Fund Manager of the Year" awards.

Chief executive John Ions said: "Our robust investment and working processes have enabled Liontrust to deliver strong long-term performance, first-class service and reliable administration.

"The last year has proved the strength of the business and processes and that Liontrust is well-positioned to continue our growth."

As of 0935 BST, Liontrust shares were up 0.23% at 1,585.60p.