Commenting on the results, John Ions, Chief Executive, said:
“I am pleased with the progress we have made in the first six months of the financial year, both through the continued growth of the business and the investment we have made to help propel our future expansion.
We have now recorded seventeen consecutive quarters of net inflows, with the first half of this year totalling £284 million and increasing our AuM by 6% to reach £3.8 billion. Our AuM has since grown to £4.2 billion during the third quarter, which includes the £314 million UK equity income mandate granted to the Macro-Thematic team. They have joined the Economic Advantage team in managing more than £1 billion in assets across the funds and mandates they run, showing the diversification in fund management capability we have been developing at Liontrust.”
Half yearly results