Liontrust (LIO) Trading Update summary

Financial highlights

• Net outflows totaled £923 million for the quarter, an improvement from £1,629 million in the prior year period.

• Assets under management and advice (AuMA) stood at £27.0 billion as of 30 June 2024, down 2.8% over the period.

• Market and investment performance contributed £139 million positively to AuMA during the quarter.

Business environment and outlook

• The recent UK General Election result is expected to bring market stability and a pro-growth agenda, potentially boosting capital flows.

• Falling inflation and anticipated interest rate reductions may encourage international investment in the UK.

• Liontrust is positioning for future growth by expanding investment and distribution capabilities and enhancing operations.

Fund performance

• Several funds, such as the Liontrust UK Micro Cap Fund and Liontrust Global Dividend Fund, achieved top quartile rankings over multiple periods.

• Some Sustainable Future funds and global equity funds ranked in lower quartiles, indicating mixed performance across strategies.

• The Edinburgh Investment Trust Plc maintained a first quartile ranking since its launch.