Liontrust has seen inflows nearly double over the year to 31 March 2017 compared to the same period in the previous year, while adjusted profit before tax jumped 18%.
The firm saw net inflows for the period rise to £482m, up from £255m for the year ending 31 March 2016, an 89% increase, a large proportion of which went into its UK retail offering. The strong inflows contributed to a £1.7bn increase in assets under management to £6.5bn by 31 March, a 36% rise, while the acquisition of Alliance Trust Investments, completed on 1 April, added another £2.5bn to the total. As at 13 June, AUM stood at £9.344bn. Liontrust reports £66m Q2 inflow despite Brexit caution Meanwhile, adjusted profit before tax increased from £14.6m in 2016 to £17.2m, an 18% ...
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