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Liontrust outflows slow to £900m as CEO bets on better outlook for asset managers after election
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According to a trading update published today (10 July), the asset manager's net outflows fell to £923m in the three months ended 30 June, down from £1.6bn in the same period last year. The vast majority of outflows – £772m – came from the UK retail funds and MPS channel, followed by institutional accounts and funds – £145m. The market and investment performance of £139m during the period failed to offset the outflows, and the firm's assets under management fell 2.8% to £27bn. Liontrust profits sink 23% as AUM continues to fall Following Labour's landslide win at the gene...
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