Liontrust profits set to beat market expectations despite £4.8bn outflows

In a trading update released this morning (19 April), the firm revealed an expected adjusted profit before tax of "not less than £86m". This comes amid net outflows of £3.8bn over the year, of which £2bn was withdrawn in the past three months. Liontrust 'in discussions' to buy GAM However, the net outflows were more than covered by Liontrust's acquisition of Majedie, which saw £5.1bn of assets under management and advice added. Combined with negative market and investment performance of £2.4bn, Liontrust AUMA shrank 6.3% to £31.4bn over the 12-month period. Sustainable invest...