Trading Statement
Net outflows of £1.1bn in Q1 2025; AuMA flat at £22.6bn with 73% of funds in top two quartiles.
- Net outflows £1.1 billion (prior £0.9 billion)
- AuMA at 30 June 2025 £22.6 billion (prior £22.6 billion (opening: £22.590 billion))
- Funds in first or second quartile since inception 73%
Select text to share a quote on X · sign in to keep highlights & notes in your LIO notes
Liontrust Asset Management Plc ("Liontrust" or the "Company"), the specialist independent fund management group, today issues its trading update for the three months ended 30 June 2025 (the "Period").
- Net outflows of £1.1 billion in the Period (2024: £0.9 billion).
- Assets under management and advice ("AuMA") were £22.6 billion as at 30 June 2025, unchanged over the Period.
- AuMA as at 7 July 2025 were £22.6 billion.
Commenting, John Ions, Chief Executive Officer, said:
"Liontrust has spoken for the last nine months about how investors will need to search wider for alpha going forward and why this means a more positive environment for active management. We have now begun to see investors, led by institutional clients, turn more towards actively managed funds and diversify geographically, with Europe and the UK outperforming the US stock market over the first half of 20251.
This comes as Liontrust has delivered stronger long-term performance. As at 30 June 2025, 73% of Liontrust funds were in the first or second quartile of their respective sectors since inception1.
Liontrust continues to make progress towards our four strategic objectives, including broadening distribution institutionally and internationally and expanding the fund range."
1 Source: Financial Express to 30 June 2025 as at 7 July 2025, fund performance on a bid-bid, total return, net of fees basis, using the primary share class.
Assets under management and advice
On 30 June 2025 our AuMA stood at £22,618 million and were broken down by type and investment process as follows:
| Process | Total | Institutional Accounts & Funds | Investment Trusts | UK Retail Funds & MPS | Alternative Funds | International Funds & Accounts |
|---|---|---|---|---|---|---|
| (£m) | (£m) | (£m) | (£m) | (£m) | (£m) | |
| Sustainable Investment | 8,113 | 326 | - | 7,579 | - | 208 |
| Economic Advantage | 3,700 | 388 | - | 3,268 | - | 44 |
| Multi-Asset | 3,841 | - | - | 3,640 | 71 | 130 |
| Global Equities | 1,086 | - | - | 1,061 | 25 | - |
| Global Innovation | 864 | - | - | 858 | - | 6 |
| Cashflow Solution | 3,178 | 544 | - | 2,013 | 261 | 360 |
| Global Fundamental | 1,836 | 218 | 1,172 | 446 | - | - |
| Total | 22,618 | 1,476 | 1,172 | 18,865 | 357 | 748 |
AuMA as at 7 July 2025 were £22.624 billion
Flows
The net outflows over the Period were £1,089 million (2024: £923 million). A reconciliation of net flows and AuMA over the Period is as follows:
| Total | Institutional Accounts & Funds | Investment Trusts | UK Retail Funds & MPS | Alternative Funds | International Funds & Accounts | |
|---|---|---|---|---|---|---|
| (£m) | (£m) | (£m) | (£m) | (£m) | (£m) | |
| Opening AuMA - 1 April 2025 | 22,590 | 1,416 | 1,126 | 19,129 | 342 | 577 |
| Net flows | (1,089) | (5) | (5) | (1,216) | 2 | 135 |
| Market & Investment performance | 1,117 | 65 | 51 | 952 | 13 | 36 |
| Closing AuMA - 30 June 2025 | 22,618 | 1,476 | 1,172 | 18,865 | 357 | 748 |
| Key Fund Performance (Quartile ranking) | ||||||
| UK domiciled funds- | ||||||
| Quartile ranking - Since inception | Quartile ranking - 5 year | Quartile ranking - 3 year | Quartile ranking - 1 year | Inception Date | ||
| Economic Advantage funds | ||||||
| Liontrust Special Situations Fund | 1 | 4 | 4 | 4 | 10/11/2005 | |
| Liontrust UK Growth Fund | 1 | 3 | 4 | 4 | 01/04/1996 | |
| Liontrust UK Micro Cap Fund | 1 | 2 | 3 | 4 | 09/03/2016 | |
| Liontrust UK Smaller Companies Fund | 1 | 3 | 4 | 4 | 08/01/1998 | |
| Liontrust Global Smaller Companies Fund | 4 | 4 | 3 | 4 | 31/12/2007 | |
| Sustainable Future funds | ||||||
| Liontrust SF Cautious Managed Fund | 2 | 4 | 4 | 4 | 23/07/2014 | |
| Liontrust SF Corporate Bond Fund | 2 | 2 | 2 | 2 | 19/02/2001 | |
| Liontrust SF Defensive Managed Fund | 1 | 4 | 4 | 4 | 23/07/2014 | |
| Liontrust SF European Growth Fund | 4 | 4 | 4 | 3 | 19/02/2001 | |
| Liontrust SF Global Growth Fund | 3 | 4 | 3 | 3 | 19/02/2001 | |
| Liontrust SF Managed Fund | 2 | 4 | 2 | 4 | 19/02/2001 | |
| Liontrust SF Managed Growth Fund | 2 | 3 | 2 | 4 | 19/02/2001 | |
| Liontrust SF Monthly Income Bond Fund | 1 | 1 | 2 | 2 | 12/07/2010 | |
| Liontrust SF UK Growth Fund | 3 | 4 | 4 | 3 | 19/02/2001 | |
| Liontrust UK Ethical Fund | 3 | 4 | 4 | 3 | 01/12/2000 | |
| Global Innovation funds | ||||||
| Liontrust Global Dividend Fund | 2 | 2 | 1 | 4 | 20/12/2012 | |
| Liontrust Global Innovation Fund | 1 | 2 | 1 | 1 | 31/12/2001 | |
| Liontrust Global Technology Fund | 2 | 1 | 1 | 2 | 15/12/2015 | |
| Global Equity funds | ||||||
| Liontrust Balanced Fund | 1 | 2 | 1 | 3 | 31/12/1998 | |
| Liontrust China Fund | 4 | 3 | 2 | 1 | 31/12/2004 | |
| Liontrust Emerging Market Fund | 3 | 3 | 3 | 4 | 30/09/2008 | |
| Liontrust Global Alpha Fund | 1 | 4 | 2 | 1 | 31/12/2001 | |
| Liontrust India Fund | 4 | 2 | 3 | 4 | 29/12/2006 | |
| Liontrust Japan Equity Fund | 4 | 2 | 3 | 4 | 22/06/2015 | |
| Liontrust Latin America Fund | 2 | 3 | 3 | 1 | 03/12/2007 | |
| Liontrust US Opportunities Fund | 2 | 3 | 3 | 4 | 31/12/2002 | |
| Cashflow Solution funds | ||||||
| Liontrust European Dynamic Fund | 1 | 1 | 1 | 3 | 15/11/2006 | |
| Global Fundamental funds | ||||||
| Liontrust Income Fund | 1 | 3 | 2 | 4 | 31/12/2002 | |
| Edinburgh Investment Trust Plc | 1 | 1 | 1 | 3 | 31/03/2020 | |
| Liontrust UK Equity Fund | 1 | 3 | 1 | 3 | 27/03/2003 | |
| Liontrust UK Focus Fund | 1 | 3 | 1 | 3 | 29/09/2003 | |
| Multi-Asset funds | ||||||
| Liontrust Strategic Bond Fund | 3 | 3 | 2 | 2 | 08/05/2018 | |
| Liontrust MA Explorer 35 Fund | 1 | - | - | 2 | 31/12/2002 | |
| Liontrust MA Explorer Income 45 Fund | 2 | - | - | 3 | 31/03/2020 | |
| Liontrust MA Explorer Income 60 Fund | 2 | - | - | 3 | 27/03/2003 | |
| Liontrust MA Explorer 70 Fund | 3 | - | - | 3 | 29/09/2003 | |
| Liontrust MA Explorer 85 Fund | 2 | - | - | 4 | 29/09/2003 | |
| Liontrust MA Explorer 100 Fund | 2 | - | - | 3 | 29/09/2003 | |
| Liontrust MA Monthly High Income Fund | 3 | 2 | 1 | 1 | 01/05/2012 | |
| Liontrust MA UK Equity Fund | 4 | 3 | 3 | 3 | 12/11/2001 | |
| Irish domiciled funds- | ||||||
| Quartile ranking - Since inception | Quartile ranking - 5 year | Quartile ranking - 3 year | Quartile ranking - 1 year | Inception Date | ||
| Economic Advantage funds | ||||||
| Liontrust GF Special Situations Fund | 2 | 4 | 4 | 4 | 08/11/2012 | |
| Liontrust GF UK Growth Fund | 1 | 3 | 3 | 4 | 03/09/2014 | |
| Sustainable Future funds | ||||||
| Liontrust GF SF European Corporate Bond Fund | 2 | 2 | 2 | 2 | 29/05/2018 | |
| Liontrust GF SF Global Growth Fund | 2 | 4 | 3 | 3 | 12/11/2019 | |
| Liontrust GF SF Multi Asset Global Fund | 4 | - | 2 | 3 | 13/10/2021 | |
| Liontrust GF SF Pan-European Growth Fund | 3 | 4 | 4 | 3 | 14/03/2001 | |
| Liontrust GF SF US Growth Fund | 3 | - | - | 3 | 07/07/2023 | |
| Cashflow Solution funds | ||||||
| Liontrust GF European Smaller Companies Fund | 1 | 1 | 1 | 2 | 01/02/2017 | |
| Liontrust GF European Strategic Equity Fund | 1 | 1 | 1 | 1 | 25/04/2014 | |
| Liontrust GF Pan-European Dynamic Fund | 2 | - | - | 2 | 27/02/2024 | |
| Multi-Asset funds | ||||||
| Liontrust GF Global Short Dated Corporate Bond Fund | 3 | 4 | 3 | 4 | 26/06/2018 | |
| Liontrust GF High Yield Fund | 1 | 1 | 1 | 1 | 08/06/2018 | |
| Liontrust GF Strategic Bond Fund | 1 | 2 | 2 | 3 | 13/04/2018 | |
Source: Financial Express to 30 June 2025 as at 7 July 2025, fund performance on a bid-bid, total return, net of fees basis, using the primary share class.
MA Explorer funds had an objective change on 05/04/2023 and rankings are shown from then.
Other information
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.