London-based asset manager Liontrust Asset Management has posted a £4 billion (€4.59 billion) increase in assets under management (AuM) in results for the first quarter of this year.
AuM increased 61% to £10.5 billion in the three months to March while net inflows for the year were £1004 million up from £482 million in 2017.
John Ions, chief executive of Liontrust Asset Management, said the results reflected its fund management and distribution capability.
He added: “Our commitment to active management, driven strong investment processes, has never been more important as the passive versus active debate continues to divide investors.”
Keith Baird, director of financial services research at brokerage firm, Cantor Fitzgerald Europe, said Liontrust was an “attractive mix of growth and good value”.
The broker forecast that Liontrust’s AuM would swell to £12 billion with inflows of £750 million in the next financial year.
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