IN BRIEF: Liontrust laments UK budget as assets under management fall

Liontrust Asset Management PLC - London-based asset manager offering equity, fixed income, sustainable, multi-asset, and real assets funds - Assets under management and advice are GBP24.58 billion as at December 31, down 5.3% from GBP25.96 billion on October 1. Net outflows in the three months to the end of December are GBP1.6 billion, slowed from GBP1.7 billion a year prior. "Net outflows during the fourth quarter of 2024 were significantly concentrated in October at around 50% of the total, mirroring the broader UK funds industry which experienced its third worst month on record ahead of the chancellor's autumn budget," Chief Executive Officer John Ions says.

Looking ahead, CEO Ions says: "We are well placed to take advantage of opportunities ahead. Alongside our proven investment processes, market-leading brand, strong client relationships, communications and engagement, we are making further progress in achieving our strategic objectives of enhancing the client experience and outcomes, diversifying the fund range, broadening the client base, and strengthening our technological, data and digital capability."

Current stock price: 403.50 pence each, up 0.4% Wednesday afternoon in London

12-month change: down 30%

By Tom Budszus, Alliance News slot editor

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Liontrust Asset Management