Earnings Release • Jul 11, 2019
Earnings Release
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RNS Number : 1058F
Liontrust Asset Management PLC
11 July 2019
Embargoed until 7am on 11 July 2019
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Trading Update
Liontrust Asset Management Plc ("Liontrust" or the "Company"), the specialist independent fund management group, today issues a trading update for the period from 1 April to 30 June 2019 (the "Period").
Highlights
· Assets under management ("AuM") were £14.1 billion as at close of business on 30 June 2019 (31 March 2019: £12.7 billion), an increase of 11% over the Period
· Net inflows of £725 million in the Period (2018: £320 million)
Commenting, John Ions, Chief Executive, said:
"Liontrust has had a successful start to the new financial year, with net inflows of £725 million over the quarter and AuM reaching £14.1 billion on 30 June 2019. This maintains the momentum behind the business of the past year and shows that our growth strategy is on track.
This has been achieved through strong long-term investment performance, the quality of Liontrust's sales and marketing, the increasing breadth of our client base and the robust infrastructure of the business.
The level of net inflows also demonstrates the continued attraction of actively managed funds which can demonstrate rigorous and repeatable investment processes.
We are well positioned to sustain the Company's growth trajectory and will accomplish this by maintaining focus on our business strategy, ensuring we continually meet client and investor expectations and through the excellence of our fund management, sales, marketing and administration teams."
Funds under Management
On 30 June 2019, our AuM stood at £14.097 billion and were broken down by type and process as follows:-
| Process | Total | Institutional | UK Retail | Multi-Asset | International Funds |
| (£m) | (£m) | (£m) | (£m) | (£m) | |
| Cashflow Solution | 1,012 | 570 | 350 | - | 92 |
| Economic Advantage | 6,923 | 242 | 6,554 | - | 127 |
| Macro Thematic | 133 | - | 133 | - | - |
| European Income | 175 | - | 175 | - | - |
| Asia | 125 | - | 111 | - | 14 |
| Sustainable Investment | 4,275 | 33 | 3,994 | - | 248 |
| Global Fixed Income | 555 | - | 252 | - | 303 |
| Multi-Asset | 899 | - | - | 899 | - |
| Total | 14,097 | 845 | 11,569 | 899 | 784 |
Funds Flows
The net inflows over the three months to 30 June 2019 are £725 million (2018: £320 million). A reconciliation of fund flows and AuM over the three months to 30 June 2019 is as follows:-
| Total | Institutional | UK Retail | Multi-Asset | International Funds | |
| (£m) | (£m) | (£m) | (£m) | (£m) | |
| Opening AuM - 1 April 2019 | 12,655 | 845 | 10,317 | 844 | 649 |
| Net flows | 725 | (27) | 631 | 29 | 92 |
| Market and Investment performance | 717 | 27 | 621 | 26 | 43 |
| Closing AuM - 30 June 2019 | 14,097 | 845 | 11,569 | 899 | 784 |
Fund Performance (Quartile ranking)
| Quartile ranking - Since Launch/Manager Appointed | Quartile ranking - 5 year | Quartile ranking - 3 year | Quartile ranking - 1 year | Launch Date/Manager Appointed | |
| Liontrust UK Growth Fund | 1 | 1 | 1 | 1 | 25/03/2009 |
| Liontrust Special Situations Fund | 1 | 1 | 1 | 1 | 10/11/2005 |
| Liontrust UK Smaller Companies Fund | 1 | 1 | 1 | 1 | 08/01/1998 |
| Liontrust UK Micro Cap Fund | 1 | - | 1 | 1 | 09/03/2016 |
| Liontrust Macro Equity Income Fund | 1 | 3 | 2 | 1 | 31/10/2003 |
| Liontrust Macro UK Growth Fund | 2 | 4 | 4 | 2 | 01/08/2002 |
| Liontrust European Growth Fund | 1 | 2 | 3 | 4 | 15/11/2006 |
| Liontrust Asia Income Fund | 2 | 2 | 4 | 3 | 05/03/2012 |
| Liontrust European Income Fund | 4 | 4 | 4 | 2 | 15/12/2005 |
| Liontrust European Enhanced Income Fund (Hedged) | 4 | 4 | 4 | 3 | 30/04/2010 |
| Liontrust Global Income Fund | 4 | 4 | 3 | 4 | 03/07/2013 |
| Liontrust Monthly Income Bond Fund | 2 | 3 | 1 | 4 | 12/07/2010 |
| Liontrust SF Absolute Growth Fund | 3 | 1 | 1 | 1 | 19/02/2001 |
| Liontrust SF Corporate Bond Fund | 1 | 2 | 1 | 3 | 20/08/2012 |
| Liontrust SF Cautious Managed Fund | 1 | - | 1 | 1 | 23/07/2014 |
| Liontrust SF Defensive Managed Fund | 1 | - | 1 | 1 | 23/07/2014 |
| Liontrust SF European Growth Fund | 2 | 2 | 2 | 3 | 19/02/2001 |
| Liontrust SF Global Growth Fund | 3 | 1 | 1 | 1 | 19/02/2001 |
| Liontrust SF Managed Fund | 2 | 1 | 1 | 1 | 19/02/2001 |
| Liontrust UK Ethical Fund | 2 | 1 | 1 | 1 | 01/12/2000 |
| Liontrust SF UK Growth Fund | 2 | 1 | 1 | 1 | 19/02/2001 |
Source: Financial Express, total return (income reinvested and net of fees), to 30 June 2019 unless otherwise stated, based on primary share classes. The above funds are all UK authorised unit trusts or UK authorised ICVCs (primary share class). Past performance is not a guide to the future; the value of investments and the income from them can fall as well as rise. Investors may not get back the amount originally subscribed. Quartile rankings correct as at 5 July 2019.
For further information please contact:
Liontrust Asset Management Plc 020 7412 1700
John Ions www.liontrust.co.uk
Vinay Abrol
Simon Hildrey - Chief Marketing Officer
Numis Securities Limited 020 7260 1000
Corporate Broking & Advisory - Charles Farquhar
Macquarie Capital (Europe) Limited 020 3037 2000
Advisory - Jonny Allison, Kavita Choitram
Corporate Broking - Alex Reynolds, Alex Moraru
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
Forward Looking Statements
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements. Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority). Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.
Other information
The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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