Liontrust maintains inflow streak as AUM hits £3.4bn

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.

Issuing its half-year trading update, the group said AUM rose from £3bn on 31 March to £3.4bn at the close of business on 24 September. That was driven by net inflows of £302m in the quarter to 30 June, though net flows dropped in the second quarter as market volatility sparked outflows in some areas. The group took in a net £10m in Q2, a result chief executive John Ions (pictured) said was "particularly pleasing" given the context. "It is particularly pleasing to have weathered the more turbulent second quarter with a small positive net inflow but maintaining strong headline gross...