Liontrust previewed £11.3bn AuM at the Finals (25/6) by which point Q1 was all but done. Little more was added, resulting in £11.4bn AuM at quarter end. During Q1, both net inflows and positive performance led to 9.0% AuM growth after a flat Q4’18. Flows saw a material contribution from the launch of the Global Fixed Income funds. We do not change our forecasts at this early stage of FY19e. We increase our 12m target price to 666p (from 572p) using a 14x FY19e PER multiple and reiterate our HOLD ....
12 Jul 2018
FuM +9% in Q1, forecasts unchanged
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FuM +9% in Q1, forecasts unchanged
Liontrust Asset Management PLC (LIO:LON) | 666 0 0.0% | Mkt Cap: 432.8m
- Published:
12 Jul 2018 -
Author:
Andrew Watson -
Pages:
3
Liontrust previewed £11.3bn AuM at the Finals (25/6) by which point Q1 was all but done. Little more was added, resulting in £11.4bn AuM at quarter end. During Q1, both net inflows and positive performance led to 9.0% AuM growth after a flat Q4’18. Flows saw a material contribution from the launch of the Global Fixed Income funds. We do not change our forecasts at this early stage of FY19e. We increase our 12m target price to 666p (from 572p) using a 14x FY19e PER multiple and reiterate our HOLD ....