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LONDON (Reuters) – Liontrust Asset Administration reported a 2.8% fall in property below administration and recommendation (AUMA) to 27 billion kilos ($35 billion) within the second quarter on Wednesday, regardless of stemming internet outflows to 900 million kilos over the interval from 1.6 billion kilos a yr in the past.
Pointing to decrease price and inflation expectations, Chief Govt John Ions mentioned Liontrust was properly positioned to learn from an “enhancing setting” for monetary markets, which he mentioned ought to encourage worldwide traders to take a position extra in Britain.
“Labour’s giant majority in final week’s normal election ought to herald a interval of stability that can be optimistic for monetary markets,” Ions mentioned in a press release.
“It’s encouraging that the brand new authorities has a pro-growth agenda and is dedicated to the simplification of pensions,” he added, suggesting {that a} retirement financial savings push would “considerably enhance the outlook for asset managers.”
Analysts at Panmure Liberum mentioned the corporate’s “course of journey is altering for the higher.”
“Inevitably, slower outflows are wanted en path to inflows,” Panmure Liberum mentioned in a observe to purchasers, including that the three months to June 30 represented the agency’s finest flows efficiency since Q3 2023, with June showing a lot stronger than April or Might.
Liontrust’s Funding Trusts, Different Funds and Worldwide segments all reported larger AUMA at June 30, versus April 1 figures.
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