Liontrust has reported growth in assets under management rose 7% to £4.8bn in its latest results, as the group also announced it will acquire two Argonaut European Income funds to boost its equity income division.
In a trading update to 31 March, the firm announced AUM growth of 7% to £4.8bn, up from £4.4bn a year ago. Net inflows were £255m over the financial year to 31 March 2016, including £92m in the first quarter of 2016. A total of £667m was recorded for 2015, although this included £315m of institutional net inflows from a single client. The group recorded net inflows for Q1 2016 of £92m, against a turbulent backdrop for global markets, compared to net outflows of £41m in the same period in 2015. Liontrust shuts Global Strategic Bond fund as manager duo exit Liontrust's economic a...
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