Fantastic value or falling knife?
It’s certainly a tough market for active UK fund managers, reflected in the latest updates from two covered below. Elsewhere one of our Bonkers Bargains disappointed while there was better news for two technology groups covered here. Read on here for our usual forthright opinions. (Premium)
Liontrust: £1.7 billion outflows highlights the problem for UK small caps The latest trading update from fund manager Liontrust Asset Management (AIM:LIO) tells you all you need to know about the struggles facing UK small cap investors. For the three months ended 31 December 2023 Liontrust reported net outflows of £1.7 billion. Allowing for investment performance, this resulted in Funds under Management of £27.8 billion at the year end (+0.6% in the quarter), which had fallen further to £27.2 billion by 12 January 2024. Liontrust is an active (as opposed to passive) fund manager, with a considerable presence in UK…