Liontrust AUM climbs to £33.5bn in spite of Q1 outflows

Loss of £329m investment mandate

clock • 1 min read

Liontrust Asset Management reported an 8.5% increase in assets under management and advice (AUMA) over the financial year to £33.5bn at the end of March, despite outflows of £400m in the first quarter of this year following the loss of an investment mandate.

Over the financial year ended 31 March 2022, the asset manager recorded net inflows of £2.5bn. Liontrust CEO John Ions said that in spite of the net outflows in the first quarter, the company delivered positive sales at the start of the new financial year. Liontrust to pay £51.4m less for Majedie as deal set to complete "The largest negative impact on net flows in the last quarter was the loss of the £329m investment management mandate for the Verbatim Funds," he explained. "The net outflows of the past quarter do not alter our belief in and focus on the long-term strategy of th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week