Liontrust Asset Management Reports £1.1 Billion Net Outflows in Q3 2024

October 10, 2024 08:31 PM AEDT | By Team Kalkine Media

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Liontrust Asset Management Reports £1.1 Billion Net Outflows in Q3 2024 — Image source: shutterstock

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Liontrust Asset Management Plc (LSE:LIO), a specialist independent fund management group, has released its trading update for the quarter ending on 30 September 2024. The update highlights continued net outflows and a reduction in assets under management and advice (AuMA), reflecting ongoing challenges in the investment environment.

Key Financial Figures

During the third quarter of 2024, Liontrust recorded net outflows of £1.1 billion, marking a slight improvement compared to £1.6 billion in net outflows during the same period in 2023. The outflows demonstrate persistent pressure on investor sentiment, although they have decreased year-over-year, suggesting some stabilization in the company’s fund management operations.

At the end of the quarter, Liontrust's total AuMA stood at £26.0 billion, down 4% from the previous quarter. This decline reflects both the impact of the outflows and a challenging market environment that has affected asset values.

Upcoming Half-Year Results

Liontrust has also confirmed that it will release its half-year financial results for the six-month period ending September 30, 2024, on Thursday, November 21, 2024. This report is expected to provide more detailed insight into the company's financial performance, including revenue, profitability, and a breakdown of the factors contributing to the net outflows and reduction in AuMA.

Challenges and Outlook

The net outflows of £1.1 billion underscore the challenges Liontrust is facing in retaining and attracting investors amidst economic uncertainty. However, the reduction in outflows compared to the previous year may indicate that the company is making progress in stabilizing its fund flows. Market conditions, including volatility and investor risk aversion, are likely contributing factors to the ongoing outflows.

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