Liontrust has seen another impressive quarter of net inflows, against an uncertain market backdrop of geo-political uncertainty. AuM grew by 4% with the majority of the £642m net inflow coming from the core UK Retail channel. The Neptune acquisition completed postperiod end, taking AuM to £17.4bn. We see upside as the Neptune fund range is marketed to Liontrust’s core clients. In our view, a 12x FY20e PER is undemanding for a resilient growth profile which sets it apart from peers.
09 Oct 2019
Positive momentum: another £642m net inflow in Q2
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Positive momentum: another £642m net inflow in Q2
Liontrust Asset Management PLC (LIO:LON) | 666 -73.3 (-1.6%) | Mkt Cap: 432.5m
- Published:
09 Oct 2019 -
Author:
Andrew Watson -
Pages:
3
Liontrust has seen another impressive quarter of net inflows, against an uncertain market backdrop of geo-political uncertainty. AuM grew by 4% with the majority of the £642m net inflow coming from the core UK Retail channel. The Neptune acquisition completed postperiod end, taking AuM to £17.4bn. We see upside as the Neptune fund range is marketed to Liontrust’s core clients. In our view, a 12x FY20e PER is undemanding for a resilient growth profile which sets it apart from peers.