Declaración comercial
LEI: 549300XVXU6S7PLCL855
Para su publicación inmediata
17 de abril de 2024
Anuncio de Bolsa de Valores
PLC DE GESTIÓN DE ACTIVOS DE LIONTRUST
Actualización de Trading
Liontrust Asset Management Plc ("fideicomiso de león" o la "Empresa"), the specialist independent fund management group, today issues its trading update for both the financial year ended 31 March 2024 (the "Año financiero") and the three months ended 31 March 2024 (the "periodo").
Destacados
· Salidas netas de £1.2 mil millones de libras en el Período.
· Activos bajo gestión y asesoramiento ("auma") fueron £27.8 billion as at 31 March 2024, a marginal increase over the Period and a decrease of 11.5% over the Financial Year.
· AuMA as at 12 April 2024 were £27.6 billion.
Commenting, John Ions, Chief Executive Officer, 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. This follows a period in which many of our core investment strategies, notably quality growth, small/mid-caps and UK equities, have been out of favour, impacting both performance and flows. This led to outflows of £1.2 billion over the three months to 31 March 2024.
Of our product range, we have seen continuous flows into the European Dynamic Fund - with its AuMA increasing from £747 million as at 31 March 2023 to more than £1.4 billion as at 31 March 2024 - and positive net sales by the Global Innovation team in the Period.
We have made continued progress against our strategic objectives, enabling us to seek to generate growth through an expanding product range, distribution and client base.
Rendimiento de la inversión
The European Dynamic Fund is the best performer in its IA sector over three years and is ranked 2nd over five years to 31 March 20241. The Global Technology Fund is the best performer in its IA sector over one year and ranked 7th más de tres años1.
We are also seeing stronger performance across other funds. For example, of the 10 UK-domiciled funds managed by the Sustainable Investment team, five are now in the 1st quartile of their respective IA sectors over one year and another two are in the 2nd cuartilla1.
Of the eight Sustainable Investment team's funds with a 10-year tracked record, four are in the 1st quartile and three are in the 2nd cuartilla1.
Objetivos estratégicos
The investment focus of Liontrust - long-term active management with distinctive processes - remains as relevant as ever and are the foundations for future growth. Rigorous and robust processes deliver for clients over the long term and we believe they will continue to do so.
Our four strategic objectives will also be drivers of future growth:
1) Continue to enhance the client experience and outcomes;
2) Diversify the product range and investment offering;
3) Further broaden distribution and the client base; and
4) Strengthen our technological, data and digital capability to advance investment management, client service and business efficiencies.
I am pleased with the progress we are making against these objectives.
In-line with these objectives, we successfully launched the Ireland-domiciled Liontrust GF Pan-European Dynamic Fund at the end of February 2024, which is managed by the Cashflow Solution team. The fund is already around £130 million in AuMA and we are confident it will continue to grow with the demand we have seen and strong long-term performance of the institutional strategy.
Our investment capability will be diversified further when Mark Hawtin and his team join Liontrust next month. They manage both long only and long/short global equity funds and have historically attracted assets from European-based clients. Mark, who has 37 years of investment experience, previously managed one of Europe's largest technology, media and telecoms hedge funds.
The arrival of Jeremy Roberts last month as Head of Global Distribution ex-UK will enhance our capability to expand distribution internationally. He will focus on building out the client base and sales platform we already have in Europe and Latin America in particular.
We have also restructured the UK sales team, including the appointment of Kristian Cook as Head of UK Distribution, Mark Wright as Head of UK Regional Distribution and Sophie Andrews joining in June from Franklin Templeton as Head of Strategic Partners and Consolidators. Since the start of 2024, there has been substantial activity with clients for the Economic Advantage, Sustainable Investment, Global Innovation and Multi-Asset investment teams in particular and strong client engagement with our communications.
The leadership team at Liontrust has been strengthened to help drive the future growth of the business. David Boyle, Edward Catton, Martin Kearney and Sally Buckmaster have all taken on greater responsibility to support Vinay and I and the rest of the senior leadership team.
Liontrust is investing in our technology, data and digital infrastructure which will improve the efficiency of the business and operations and enhance the experience of our clients. These projects will start bearing fruit during 2024.
Outlook
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 for the future."
1 Source: Financial Express to 31 March 2024 as at 15 April 2024, bid-bid, total return, net of fees, based on primary share classes.
Directorate and leadership changes
Miriam Greenwood succeeded George Yeandle as Chair of the Remuneration Committee on 1 April 2024. Mr Yeandle remains a member of the Remuneration Committee and as previously announced will retire from the Board at the 2024 AGM.
Commenting on the Remuneration Committee changes, Alastair Barbour, Non-executive Chair, said: "I would like to thank George for his outstanding leadership of the Remuneration Committee over the last nine years and to welcome Miriam as the new Chair of our Remuneration Committee. Miriam brings great experience and expertise to the Committee."
Liontrust announces the appointment of Katherine Damsell as an Independent Non-executive Director of Liontrust Fund Partners LLP ("LFP"), the authorised corporate director of our UK funds, with effect from 1 April 2024. In due course and subject to appropriate regulatory approvals, Katherine will be appointed as Independent Chair of LFP. Katherine was CEO of The Bank of New York Mellon International UK between 2018 and 2022 and held a number of senior positions during 20 years at Bank of New York Mellon. Prior to joining Bank of New York Mellon, Katherine spent 18 years at Barclays Global Investors.
Liontrust has also made four appointments to strengthen the leadership team to help drive the future growth of the Company:
· David Boyle becomes Chief Strategy Officer, reporting to John Ions. David was previously our Head of Corporate Development;
· Edward Catton becomes Chief Operating Officer, reporting to Vinay Abrol. Edward was previously our Chief Risk Officer;
· Martin Kearney takes on additional responsibilities as our Chief Risk Officer, reporting to Vinay Abrol, while retaining responsibility for compliance; and
· Sally Buckmaster, our Company Secretary, takes on additional responsibilities as our General Counsel.
Activos bajo gestión y asesoramiento
A 31 de marzo de 2024, nuestro AuMA ascendía a £27,822 millones y se desglosaba por tipo y proceso de inversión de la siguiente manera:
Proceso | Total | Cuentas y Fondos Institucionales | Fideicomisos de inversión | Fondos minoristas y MPS del Reino Unido | Fondos alternativos | Fondos y cuentas internacionales |
| (£ m) | (£ m) | (£ m) | (£ m) | (£ m) | (£ m) |
Inversión sustentable | 10,433 | 323 | - | 9,624 | - | 486 |
Ventaja económica | 6,571 | 450 | - | 5,998 | - | 123 |
Multi-Activos | 4,344 | - | - | 4,220 | 124 | - |
Innovación global | 827 | - | - | 827 | - | - |
Solución de flujo de caja | 2,184 | 556 | - | 1,404 | 112 | 112 |
fundamentales globales | 3,267 | 412 | 1,135 | 1,706 | - | 14 |
Renta Fija Global | 196 | - | - | 36 | - | 160 |
Total | 27,822 | 1,741 | 1,135 | 23,815 | 236 | 895 |
AuMA as at 12 April 2024 were £27,583 million.
Flujos
Las salidas netas durante el período fueron de £1,206 millones (2023: £2,024 millones). Una conciliación de los flujos de fondos y AuMA durante el Período es la siguiente:
Total | Cuentas y Fondos Institucionales | Fideicomisos de inversión | Fondos minoristas y MPS del Reino Unido | Fondos alternativos | Fondos y cuentas internacionales | |
(£ m) | (£ m) | (£ m) | (£ m) | (£ m) | (£ m) | |
Opening AuMA - 1 January 2024 | 27,812 | 1,723 | 1,115 | 23,824 | 259 | 891 |
| ||||||
Flujos netos | (1,206) | (270) | (26) | (872) | (24) | (14) |
| ||||||
Desempeño del mercado y de la inversión | 1,216 | 288 | 46 | 863 | 1 | 18 |
| ||||||
Cierre AuMA - 31 de marzo de 2024 | 27,822 | 1,741 | 1,135 | 23,815 | 236 | 895 |
The net outflows over the Financial Year were £6,083 million (2023: £4,842 million). A reconciliation of fund flows and AuMA over the Financial Year is as follows:
Total | Cuentas y Fondos Institucionales | Fideicomisos de inversión | Fondos minoristas y MPS del Reino Unido | Fondos alternativos | Fondos y cuentas internacionales | |
(£ m) | (£ m) | (£ m) | (£ m) | (£ m) | (£ m) | |
|
|
|
|
|
| |
Apertura de AuMA - 1 de abril de 2023 | 31,430 | 2,394 | 1,139 | 25,721 | 1,084 | 1,092 |
Flujos netos | (6,083) | (925) | (92) | (3,999) | (821) | (246) |
| ||||||
Desempeño del mercado y de la inversión | 2,475 | 272 | 88 | 2,093 | (27) | 49 |
| ||||||
Cierre AuMA - 31 de marzo de 2024 | 27,822 | 1,741 | 1,135 | 23,815 | 236 | 895 |
Fund Performance (Quartile ranking)
| Quartile ranking - Since Launch / Manager Appointed | Clasificación por cuartiles - 5 años | Clasificación por cuartiles - 3 años | Clasificación por cuartiles - 1 años | Fecha de lanzamiento / Gerente designado |
Fondos de ventaja económica | |||||
Fondo de crecimiento de Liontrust UK | 1 | 1 | 1 | 3 | 25/03/2009 |
Fondo para situaciones especiales de Liontrust | 1 | 2 | 3 | 4 | 10/11/2005 |
Fondo de empresas más pequeñas de Liontrust UK | 1 | 1 | 2 | 3 | 08/01/1998 |
Fondo Liontrust UK Micro Cap | 1 | 1 | 1 | 2 | 09/03/2016 |
Fondos de Futuro Sostenible | |||||
Fondo de bonos de ingresos mensuales de Liontrust SF | 1 | 1 | 2 | 1 | 12/07/2010 |
Fondo de crecimiento administrado Liontrust SF | 2 | 1 | 2 | 1 | 19/02/2001 |
Fondo de bonos corporativos Liontrust SF | 1 | 2 | 2 | 1 | 20/08/2012 |
Fondo administrado cauteloso de Liontrust SF | 2 | 3 | 4 | 3 | 23/07/2014 |
Fondo gestionado defensivo de Liontrust SF | 1 | 3 | 4 | 2 | 23/07/2014 |
Fondo Europeo de Crecimiento Liontrust SF | 3 | 4 | 4 | 4 | 19/02/2001 |
Fondo de crecimiento global Liontrust SF | 3 | 2 | 3 | 2 | 19/02/2001 |
Fondo gestionado Liontrust SF | 1 | 1 | 3 | 1 | 19/02/2001 |
Fondo Ético del Reino Unido de Liontrust | 3 | 4 | 4 | 3 | 01/12/2000 |
Liontrust SF Fondo de crecimiento del Reino Unido | 3 | 4 | 4 | 2 | 19/02/2001 |
Liontrust GF SF US Growth Fund | 2 | - | - | - | 07/07/2023 |
Fondos de innovación global | |||||
Fondo Global de Dividendos Liontrust | 2 | 1 | 2 | 1 | 20/12/2012 |
Fondo de Innovación Global Liontrust | 1 | 2 | 4 | 1 | 31/12/2001 |
Fondo de Tecnología Global Liontrust | 2 | 2 | 1 | 1 | 15/12/2015 |
Fondos de renta variable global fundamental global | |||||
Fondo equilibrado de Liontrust | 1 | 1 | 1 | 1 | 31/12/1998 |
Fondo Liontrust China | 4 | 3 | 4 | 3 | 31/12/2004 |
Fondo de mercados emergentes Liontrust | 3 | 4 | 3 | 1 | 30/09/2008 |
Fondo de empresas más pequeñas de Liontrust Global | 1 | 3 | 3 | 1 | 01/07/2016 |
Fondo Global Alpha de Liontrust | 1 | 3 | 4 | 2 | 31/12/2001 |
Fondo Liontrust India | 4 | 2 | 1 | 1 | 29/12/2006 |
Fondo de renta variable de Japón Liontrust | 2 | 1 | 2 | 1 | 22/06/2015 |
Fondo Liontrust América Latina | 3 | 4 | 4 | 3 | 03/12/2007 |
Fondos de Cashflow Solution | |||||
Liontrust Fondo Dinámico Europeo | 1 | 1 | 1 | 1 | 15/11/2006 |
Fondos de renta fija global | |||||
Fondo de bonos estratégicos Liontrust | 3 | 3 | 3 | 3 | 08/05/2018 |
Fondos fundamentales globales | |||||
Fondo de renta variable Liontrust Reino Unido | 1 | 3 | 2 | 1 | 27/03/2003 |
Fondo de enfoque de Liontrust Reino Unido | 1 | 4 | 3 | 1 | 29/09/2003 |
Fondo de ingresos de Liontrust | 1 | 1 | 1 | 1 | 31/12/2002 |
Fondo de oportunidades de Liontrust en EE. UU. | 1 | 3 | 3 | 1 | 31/12/2002 |
Fondo de renta variable estadounidense Liontrust GF | 2 | 1 | 3 | 1 | 26/06/2014 |
Liontrust GF Fondo de renta variable del Reino Unido | 4 | 3 | 2 | 1 | 03/03/2014 |
Fondo de renta variable internacional Liontrust GF | 4 | - | 4 | 4 | 17/12/2019 |
Edimburgo Investment Trust plc | 1 | - | 1 | 1 | 27/03/2020 |
Source: Financial Express to 31 March 2024 as at 4 April 2024, bid-bid, total return, net of fees, en función de las clases de acciones primarias.
El rendimiento pasado no es una guía para el rendimiento futuro, las inversiones pueden resultar en una pérdida total de capital. Los fondos anteriores son todos fideicomisos unitarios autorizados en el Reino Unido, OEIC, OEIC (clase de acciones primaria) autorizadas en Irlanda o fideicomisos de inversión cotizados en el Reino Unido. Liontrust Russia Fund no está incluido ya que actualmente está suspendido y en un sector de IA que no es clasificable (por ejemplo, Especialista), por lo que no sería una comparación justa. Liontrust GF Tortoise fund is not included as it is not in an IA sector. Edinburgh Investment Trust Plc uses the IT UK Equity Income sector.
Para más información, póngase en contacto con:
Teneo (Tel: 020 7353 4200, Correo electrónico: GME@dhr-rgv.com)
Tom Murray, Colette Cahill, Jessica Pine
Liontrust Asset Management Plc. (Telfono: 020 7412 1700, sitio web: liontrust.co.uk)
Stephen Corbett: Head of Investor Relations
Simon Hildrey: director de marketing
Singer Capital Markets (Tel: 020 7496 3000)
Corretaje corporativo: Charles Leigh-Pemberton
Corporate Finance: James Moat
Panmure Gordon (Tel: 020 7886 2500)
Corretaje corporativo: David Watkins
Asesoramiento corporativo: Atholl Tweedie
HSBC Bank plc (Tel: 020 7991 8888)
Corporate Broking: Sam McLennan, James Hopton
Corporate Advisory: Alexander Paul
Declaraciones prospectivas
Este anuncio contiene ciertas declaraciones prospectivas con respecto a la situación financiera, los resultados de las operaciones y los negocios y planes de Liontrust. Estas declaraciones y pronósticos involucran riesgo e incertidumbre porque se relacionan con eventos y dependen de circunstancias que aún no han ocurrido. Hay una serie de factores que podrían causar que los resultados o desarrollos reales difieran materialmente de los expresados o implícitos en estas declaraciones y pronósticos a futuro. Como resultado, la situación financiera futura real de Liontrust, los resultados de las operaciones y los planes y negocios pueden diferir materialmente de los planes, metas y expectativas expresadas o implícitas en estas declaraciones prospectivas. Liontrust no asume ninguna obligación pública de actualizar o revisar las declaraciones prospectivas, excepto según lo requieran las leyes y regulaciones aplicables (incluidas las Reglas de cotización de la Autoridad de Conducta Financiera). Nada en este anuncio debe interpretarse como una previsión de beneficios ni debe considerarse una guía para el rendimiento futuro.
Más información (opcional – piso, bloque edificio, puerta, etc.)
La divulgación, publicación, transmisión o distribución de este anuncio en, hacia o desde jurisdicciones distintas del Reino Unido puede estar restringida por la ley y, por lo tanto, las personas en dichas jurisdicciones en las que se publica, transmite o distribuye este anuncio deben informarse sobre y observar tales restricciones. Cualquier incumplimiento de las restricciones puede constituir una violación de las leyes de valores de dicha jurisdicción.
EXTREMOS
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.