British asset manager Liontrust Asset Management reported narrowed net quarterly outflows on Wednesday, as strong institutional demand and rotation into European equities helped cushion ongoing UK retail withdrawals.
📌 Key Financial Figures & Operational Highlights:
• £459M Net Outflows ($613.6M): Second-quarter net outflows narrowed substantially from £1.24 billion recorded in the same period last year.
• Retail vs. Institutional Split: Outflows of £666 million from UK retail funds and model portfolios outweighed £209 million in net institutional inflows.
• £24.06 Billion AUMA: Total assets under management and advice edged slightly lower quarter-over-quarter to £24.06 billion.
• £1.9 Billion Hawksmoor Integration: Liontrust expects to add approximately £1.9 billion in assets from its Hawksmoor acquisition by year-end.
• US Stock Rotation: Results were buoyed by global investor rotation out of US equities into European strategies, alongside an expanded international distribution network.
💡 Market Takeaway: While UK retail investor sentiment remains cautious, wealth managers with diversified international reach and institutional inflows are successfully mitigating domestic market headwinds.