Liontrust Asset Management (LIO) more than doubled net inflows during the first three months of 2019 compared with the same period last year. Net new business came in at £581m, which took annual inflows past management’s £1bn target to £1.8bn.
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The UK-focused asset manager benefited from a rebound in equity markets, with market movements adding £835m during the quarter and boosting assets under management by 13 per cent to £12.7bn. Analysts at Numis upgraded their earnings per share forecasts for 2020 and 2021 by 3 and 4 per cent, respectively, to 51p and 60p.
