Liontrust Asset Management has reported double the inflows into its funds in the six months to the end of September compared to the same period last year.
During the six months, the business has taken in a net £1.4bn, with the majority of this (£1.2bn) going into UK retail funds, while institutional products saw small outflows of £44m. The total inflows are nearly double the £723m of net sales the business achieved during the same period in 2018. According to the latest Pridham Report, Liontrust has the third highest total net onshore sales in the UK in the third quarter. At the same time, the firm has managed to increase its profit before tax by 19% to £9.3m compared to 2018, while the successful acquisition of Neptune, which has no...
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