With the Budget looming, it comes as no surprise that the Intermediary community is taking a cautious approach. Overall, AuM declined by 4% qoq to £26.0bn (vs £26.5bn SCMe) with £1.1bn net outflows driven by natural redemptions and a small £0.1bn positive performance contribution, although some drag from style biases. We had anticipated the flow performance in our recent preview note: this outturn drives no material changes to our estimates. We see considerable upside here (8x PER) as and when f ....
10 Oct 2024
Flow headwinds come as no surprise
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Flow headwinds come as no surprise
Liontrust Asset Management PLC (LIO:LON) | 473 -63.9 (-2.8%) | Mkt Cap: 307.1m
- Published:
10 Oct 2024 -
Author:
Andrew Watson -
Pages:
3
With the Budget looming, it comes as no surprise that the Intermediary community is taking a cautious approach. Overall, AuM declined by 4% qoq to £26.0bn (vs £26.5bn SCMe) with £1.1bn net outflows driven by natural redemptions and a small £0.1bn positive performance contribution, although some drag from style biases. We had anticipated the flow performance in our recent preview note: this outturn drives no material changes to our estimates. We see considerable upside here (8x PER) as and when f ....