Liontrust (LIO) Trading Update summary

Financial performance and flows

• Net outflows totaled £1.1 billion for the quarter, an improvement from £1.6 billion in the prior year period.

• Assets under management and advice (AuMA) decreased by 4% to £26.0 billion as of 30 September 2024.

• Outflows were attributed to ongoing industry-wide investor uncertainty and challenging conditions for active managers.

• Market and investment performance had a limited positive impact, partially offsetting outflows.

Strategic initiatives and business development

• Implementation of a new enterprise portfolio management system aims to enhance data management, reporting, and productivity.

• The Global Equities team is now fully integrated, supporting international client acquisition.

• Expansion of the Irish-domiciled fund range is underway to attract European investors.

• Increased client engagement through events and conferences across the UK and Europe.

Brand and client engagement

• Liontrust is rated 4th best asset manager and 2nd for brand familiarity among UK financial advisers.

• Ranked 6th by wealth managers and 4th for brand familiarity in the UK.

• Educational content is highly valued, with strong digital engagement and positive feedback from intermediaries and retail investors.