Liontrust saw inflows of £66m during the second quarter of 2016, despite uncertainty surrounding the EU referendum, while the group hopes to complete its acquisition of Argonaut's European Income business this week.
In its quarterly results for 1 April-30 June, the firm said inflows during the period were £66m, compared to outflows of £7m a year ago. Some £36m of this came from retail investors while £17m was institutional, £8m came from the firm's managed portfolio service offering and £5m through offshore funds. Increased inflows helped assets under management grow slightly from £4.79bn three months ago to £4.84bn. The company is also expecting a further £156m in assets from July thanks to new mandates for its multi-asset products. Liontrust's shares climb as annual pofit jumps 21% The ...
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