AuM grew by 5.4% to £12.0bn in Q2 on strong flows in Economic Advantage and Sustainable strategies. The new Global Fixed Income team has developed a good foundation, raising c. £300m since launch in Q1. We have seen two consecutive positive AuM readings, but recognise recent market volatility and an uncertain political outlook. We tweak our EPS forecasts up by 2-3% on a combination of higher revenue and increased prudence on costs. Valuing Liontrust on 14x FY19e PER (unch) drives our increased 6 ....
11 Oct 2018
Good flows but uncertainty prompts caution
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Good flows but uncertainty prompts caution
Liontrust Asset Management PLC (LIO:LON) | 689 -34.5 (-0.7%) | Mkt Cap: 447.4m
- Published:
11 Oct 2018 -
Author:
Andrew Watson -
Pages:
3
AuM grew by 5.4% to £12.0bn in Q2 on strong flows in Economic Advantage and Sustainable strategies. The new Global Fixed Income team has developed a good foundation, raising c. £300m since launch in Q1. We have seen two consecutive positive AuM readings, but recognise recent market volatility and an uncertain political outlook. We tweak our EPS forecasts up by 2-3% on a combination of higher revenue and increased prudence on costs. Valuing Liontrust on 14x FY19e PER (unch) drives our increased 6 ....