Fund management group, Liontrust, has posted strong growth in assets under management (AuM) following its acquisition of Alliance Trust Investments.
AuM was up 47.7% to £9.6 billion (€10.8 million) on September 30, boosted by £2.5 billion from the acquisition.
There were net inflows of £178 million and market and investment performance of £421 million, while profits were up 76% to £12 million.
John Ions, chief executive of Liontrust, said the results showed the resilience of investor demand for active fund management with proven long-term track records and robust investment processes despite a challenging environment.
Ions said: “We have generated these net inflows despite the uncertainty caused by the ongoing Brexit negotiations and the fact UK All Companies has been the worst selling sector by net retail flows in seven of the past 13 months to the end of September 2017.”
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