Liontrust

THE BIG QUESTION

Liontrust Asset Management has reported a drop in inflows compared to the same time last year, but said in its latest update it had seen a "strong start" overall as fund performance improved.

Liontrust UK Growth

Liontrust has seen a rise in assets under management and a jump in pre-tax profits, after its acquisition of multi-asset business North Investment Partners last October.

Liontrust Asset Management is set to receive a boost to its share price as the company returns to the FTSE All Share index for the first time since late 2008.

The increased use of company shares to finance M&A activity may be a warning sign for investors that valuations are topping out, leading fund managers have said.

THE BIG QUESTION

The IMA has said it will ensure the UK Equity Income sector does not become "unrepresentative" as other funds look set to follow Invesco Perpetual High Income out of the peer group.

Liontrust posted its best quarter for inflows in a decade during the three months to the end of March, according to its full-year results, released today.

Vinculum Fund Management, launched by former chief executive of Liontrust Nigel Legge in 2011, has closed after failing to raise sufficient assets.