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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Liontrust upbeat despite fall in assets

(Sharecast News) - Liontrust Asset Management reported a fall in assets on Wednesday, but insisted it was "well placed" to benefit from an improving environment. The FTSE 250 fund manager said assets under management and advice were £27bn as at 30 June, down 2.8%.

Net outflows, meanwhile, were £923m in the three months to June end, although that was an improvement on the £1.6bn recorded in the same period a year previously.

John Ions, chief executive, also struck a positive note looking forward.

He said: "Labour's large majority in last week's general election should herald a period of stability that will be positive for financial markets. It is encouraging that the new government has a pro-growth agenda and is committed to the simplification of pensions.

"Along with falling inflation and the expectation of a reduction in interest rates, this should encourage international investors to return to the UK and boost capital flows to the stock market.

"Liontrust is well placed for this improving environment, as we have a strong brand, distribution, robust investment process and a leading reputation for managing UK equities."

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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