Demonstrating resilience amid the current market turbulence, Liontrust Asset Management reported a growth in assets under management and advice (AuMA), which totalled £20.6bn at September-end.
This represents a 28% surge since the start of this financial year.
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Liontrust entered into an agreement to buy the Architas UK investment business earlier this year.
The agreement includes the acquisition of Architas Multi-Manager (AMML) and Architas Advisory Services (AASL) – from AXA.
As a result of this deal, which is anticipated to close later this month, Liontrust will gain £5.8bn of AuMA.
The firm reported net inflows of £777m in the three months to September and £1.75bn in the six months to September.
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By GlobalData“Liontrust CEO John Ions said: “Liontrust has delivered strong sales and fund performance over the past three months.
“This has taken net inflows over the past six months to £1.75 billion and our AuMA to £20.6 billion, which will rise to over £26 billion on completion of the acquisition of the Architas UK Investment Business at the end of October.”
Sustainable Investment contributed £7.46bn to AuMA, Economic Advantage accounted for £7.85bn, while Global Equity contributed £2.49bn.
Ions added: “Liontrust has benefited from the focus the business has had over the past 10 years, on areas of investment where we have expertise and on what clients want. No industry or company can prosper if they do not put the client at the centre of its proposition.
“The impact of this focus on clients has been shown by the growth in assets managed by our Sustainable Investment team since they joined Liontrust in April 2017, rising from £2.5 billion to £7.5 billion.”
Last year, Liontrust snapped up Neptune Investment Management.
Neptune’s 19 funds, covering global, income, regional and emerging markets, were all transferred and the Neptune investment team is now called the Liontrust Global Equity team.
