Liontrust has seen AuM bounce back in Q4 (+13% qoq), hitting a new all time high at £12.7bn and exceeding our cautious £11.7bn forecast. Net inflows were sustained throughout the quarter, and markets provided a helpful tailwind. Net inflows totalled >£1bn in H2 against industry net outflows. This points to an in line FY19e performance for the March year end just gone. We upgrade outer years (+9% FY20e, +5% FY21e) on the annualised impact from higher AuM.
10 Apr 2019
Bounces back to new high, upgrading outer years
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Bounces back to new high, upgrading outer years
Liontrust Asset Management PLC (LIO:LON) | 666 186.6 4.3% | Mkt Cap: 432.8m
- Published:
10 Apr 2019 -
Author:
Andrew Watson -
Pages:
3
Liontrust has seen AuM bounce back in Q4 (+13% qoq), hitting a new all time high at £12.7bn and exceeding our cautious £11.7bn forecast. Net inflows were sustained throughout the quarter, and markets provided a helpful tailwind. Net inflows totalled >£1bn in H2 against industry net outflows. This points to an in line FY19e performance for the March year end just gone. We upgrade outer years (+9% FY20e, +5% FY21e) on the annualised impact from higher AuM.