Liontrust Asset Management, the specialist independent fund management group, saw net positive inflows of GBP88m in the current quarter, compared with inflows of GBP46m for the three months ending 30 September 2011.
Net positive inflows in the financial year to 24 September 2012 total GBP181m (six months ending 30 September 2011: GBP59m).
During the same period, assets under management increased to GBP2,364m as at close of business on 24 September 2012 from GBP1,529m on 31 March 2012.
John Ions (pictured), chief executive of Liontrust, says: “Another positive six months of fund flows and performance continues to drive our business forward. We are in our ninth successive quarter of positive inflows and over that period assets under management have risen from GBP1.0bn to GBP2.4bn. There is no better endorsement of our strategy than clients continuing to invest. The environment has been mixed for many groups and there are numerous challenges ahead, with some more in our control than others but they all create opportunities to capitalise on.
“The success of the last two years continues to be a testament to our commitment to delivering performance across our investment teams and the tremendous progress made in distribution and the profile of Liontrust. Achieving good long term performance through consistent robust investment processes will always be the core strength of our business. The need for long-term savings has never been greater and thus there is a tremendous opportunity for well managed, focused businesses to provide solutions for investors.
“The changes brought on by RDR should not be underestimated. There may be much focus on price and consumer outcomes but it has also clearly identified that distribution power is now vital. An even greater amount of fund flows will be controlled by fewer more powerful distributors. These changes will create tremendous opportunities and pose significant threats to asset managers both big and small.
“Fund managers who understand their clients’ needs and are able to meet them over the long term through clearly defined investment processes have a great opportunity ahead.”