LEI: 549300XVXU6S7PLCL855

For immediate release

12 October 2021

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Trading Update

Liontrust Asset Management Plc ("Liontrust", or the "Company"), the specialist independent fund management group, today issues its trading update for the six months ended 30 September 2021.  

Highlights

·    Net inflows of £1.1 billion in the three months ended 30 September 2021 and £2.1 billion for the six months ended 30 September 2021.

·    Assets under management and advice ("AuMA") were £35.7 billion as at 30 September 2021, an increase of 15% over the half year.

·    Liontrust announced earlier today the appointment of Rebecca Shelley as new Non-executive Director.

·    AuMA as at 8 October 2021 were £35.3 billion.

Commenting, John Ions, Chief Executive, said:

"By placing investors at the heart of our business and delivering first-class communication and support, coupled with strong long-term performance, Liontrust has enjoyed another successful three months. We have generated net inflows of £1.1 billion in the quarter to take the total to £2.1 billion since the start of the financial year on 1 April 2021, and our AuMA has risen to £35.7 billion.

Clients demanding a more sustainable outcome from their investments continue to drive strong flows into our Sustainable Future funds. The quality and integrity of the Sustainable Investment team, built over a 20-year track record of successful investing, has enabled them to clearly differentiate themselves at a time of many new fund launches.

The focus on sustainability, including by investors, will become even greater in the run up to November's COP26 in Glasgow. The energy transition has long been a theme of the Liontrust Sustainable Future funds to help mitigate climate change and over the past 18 months the team have been engaging with the companies they are invested in to get firm commitments on reducing absolute levels of emissions at a rate consistent with a 1.5 degree global average temperature rise.   

The team's continued excellence has been demonstrated by recently winning a further three awards. SF Global Growth won Best Sustainable & ESG Equity Fund and SF Managed won Best Sustainable & ESG Multi-Asset Fund at the Investment Week Sustainable & ESG Investment Awards. SF Managed Growth also won the Best Ethical/Sustainable - Active fund award at the AJ Bell Fund and Investment Trust Awards.

These followed Liontrust SF Global Growth, SF Managed Growth and SF Managed all winning awards at Incisive Media's Fund Manager of the Year Awards in July, along with Liontrust winning the Global Group of the Year Award.

The strong long-term performance and rigorous investment process of the funds managed by the Economic Advantage team has been reflected in its AuMA going through £10 billion.

The breadth of Liontrust's investment expertise has also been demonstrated by the continued independent recognition of our other teams and funds. The latest is Liontrust winning the Moneyfacts' Award for Best Multi-Manager Provider, which is the 8^th year running for the Multi-Asset funds.

This Award is voted for by financial advisers and is testament to the help we seek to give advisers with suitability, delivering the outcomes they and their clients expect through a robust long-term investment process and providing a first-class service.    

The Multi-Asset investment team is currently on nationwide roadshows supporting our clients and presenting their funds and portfolios to financial advisers.

We welcome Rebecca Shelley who is joining the Board of the Company as a Non-executive Director from 1 November 2021. Rebecca has extensive experience in financial services and listed companies as a Non-executive Director. Rebecca will be a valuable addition to the Board.

The excellence of the Liontrust investment teams and their long-term performance, the power of the brand, the strength of our client relationships and communications, and robust operations gives me great confidence that we will continue our growth."

Assets under management and advice

On 30 September 2021, our AuMA stood at £35,659 million and were broken down by type and investment process as follows:

AuMA as at 8 October 2021 were £35,313 million.

Flows

The net inflows over the three months to 30 September 2021 are £1,085 million (2020: £777 million). A reconciliation of fund flows and AuMA over the three months to 30 September 2021 is as follows:

The net inflows over the six months to 30 September 2021 are £2,088 million (2020: £1,748 million). A reconciliation of fund flows and AuMA over the six months to 30 September 2021 is as follows:

UK Retail Fund Performance (Quartile ranking)

Source: Financial Express to 30 September 2021 as at 5 October 2021, bid-bid, total return, net of fees, based on primary share classes. The Liontrust Asia Income Fund and funds previously managed by the European Income investment team are excluded.  Past performance is not a guide to future performance, investments can result in total loss of capital. The above funds are all UK authorised unit trusts or UK authorised ICVCs (primary share class).

¹ Liontrust Latin America Fund, Liontrust Russia Fund and Liontrust India Fund are not included as they are in IA sectors that are not rankable (e.g. Specialist and Unclassified) as it would not be a fair comparison to make. Liontrust US Income Fund is not included as it merged into Liontrust Global Dividend Fund on 8 October 2021, and Liontrust Japan Opportunities Fund is not included as it merges, subject to shareholder approval, into Liontrust Japan Equity Fund in November 2021.

Notice of Half Year Results Announcement

Liontrust confirms that it will be announcing its half year results for the six months ended 30 September 2021 on Wednesday, 1 December 2021.

For further information please contact:

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

Singer Capital Markets (Tel: 020 7496 3000)

Corporate Broking: Tom Salvesen

Corporate Finance: Justin McKeegan

Panmure Gordon (Tel: 020 7886 2500)

Corporate Broking: Charles Leigh-Pemberton

Corporate Advisory: Antoine Dupont-Madinier

Forward Looking Statements

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements.  Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority).  Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.

Other information

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ENDS