Liontrust reported positive Q4 net inflows yesterday. Fund performance was not entirely immune from volatility but a small negative impact, better than the market, is creditable. Group AuM was in line with our year end forecast. The acquisition of Argonaut Capital Partners European Income funds will bring £298m AuM and be earnings accretive. We make a small reduction our FY17e/FY18e forecasts, with upside from the acquisition offset by a moderated view on flows. We retain our 312p 12m Target Pri ....
08 Apr 2016
Positive flows in volatile Q4, Euro income acquisition
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Positive flows in volatile Q4, Euro income acquisition
Liontrust Asset Management PLC (LIO:LON) | 666 186.6 4.3% | Mkt Cap: 432.8m
- Published:
08 Apr 2016 -
Author:
Andrew Watson -
Pages:
6
Liontrust reported positive Q4 net inflows yesterday. Fund performance was not entirely immune from volatility but a small negative impact, better than the market, is creditable. Group AuM was in line with our year end forecast. The acquisition of Argonaut Capital Partners European Income funds will bring £298m AuM and be earnings accretive. We make a small reduction our FY17e/FY18e forecasts, with upside from the acquisition offset by a moderated view on flows. We retain our 312p 12m Target Pri ....