Boutique manager Liontrust saw strong inflows in the second quarter, helping increase total assets under management (AuM) by a fifth since the start of 2020.
As of end June, the firm’s AuM stood at £19.3 billion (€21.4 billion), following inflows of £971 million throughout the second quarter.
Its recent acquisition of Architas UK Investment Business added £5.6 billion to the London-based company’s assets under management and advice (AuMA).
According to chief executive John Ions, the purchase will give the firm a “significant” multi-asset multi-management proposition with £6.6 billion.
Liontrust’s full-year results revealed adjusted profit before tax of £38.1 million compared to £30.1 million in 2019, an increase of 26%.
However, the results also show that profit before tax was £16.5 million, a decrease of 26% on 2019 when it stood at £22.2 million.
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