Liontrust Asset Management Reports Net Outflows and Declining AuMA
Why we think this is bad
The RNS indicates that Liontrust Asset Management experienced net outflows of £1.3 billion and an 8.1% decline in assets under management and advice (AuMA) to £22.6 billion during the period. This suggests a decline in revenue for the company. Additionally, the RNS highlights several instances of challenging market conditions, including 'extreme volatility and dislocations' and 'current day-to-day unpredictability and fluctuations in markets', further contributing to the negative sentiment.
Key Points
- Net outflows of £1.3 billion
- 8.1% decline in assets under management and advice to £22.6 billion
- Challenging market conditions with 'extreme volatility and dislocations'
Summary
Liontrust Asset Management Plc reported net outflows of £1.3 billion and a decline of 8.1% in assets under management and advice (AuMA) to £22.6 billion during the period. The company highlighted extreme volatility and dislocations in markets and a turbulent environment, indicating challenging conditions. The broker targets show a mix of Hold and Sell recommendations, with price targets ranging from 195p to 750p.