Liontrust suffered outflows of more than £6bn in the past year, up from £4.8bn in the 2023 financial year.
A trading statement, published today (April 17), showed that in the 12 months to 31 March, the firm's retail funds and managed portfolio services suffered the most with net outflows of £4bn.
In the three months to March 31, the firm saw outflows of £1.2bn but assets under management remained steady at £27.8bn over the period.
Liontrust boss John Ions said despite this investment performance is improving in the short term.
Ions said:"We start the new financial year with confidence to drive the business forward after the challenges of the last 18 months.
“Liontrust has improving investment performance in the short term as well as excellent performance over the long term and it appears the UK and other developed economies have reached peak interest rates.”
The update said Liontrust's European Dynamic Fund and Global Technology fund are the best performers in their Investment Association sector over three years and one year respectively.
Ions added: "We believe our focus on active management can deliver both for clients and the company. Liontrust has excellent investment teams with proven processes and strong long-term performance. As market sentiment changes, Liontrust is well positioned to benefit.
"We have put in place the structure to drive sales in the UK over the next few years and are investing in the expansion of our distribution globally.
"Liontrust has a strong brand in the UK and is seeking to build the same profile internationally. The broadening of our investment capability will also help to increase the client base.
"Along with strengthening the infrastructure of the business, these developments give me great confidence"
tara.o'connor@ft.com
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