Liontrust profits more than double despite tumbling flows

Assets under management and advice at the firm increased from £30.9bn to £33.5bn over the period, while profit before tax more than doubled, up 127% to £79.3m. Total dividend per share rose to 72p, up from 47p in 2021. Liontrust sees inflows rise by 5% but AUM growth slow Sustainable investments accounted for most of its assets under management, totalling £13.2bn, while economic advantage funds accounted for £9bn, £6.6bn was in multi-asset, £2.9bn in global equities and £664m in global fixed income. Chair Alastair Barbour said: "Strategically, Liontrust delivered strong net sale...