Shares digital

Analysts are warning of the potential for further earnings downgrades as Liontrust Asset Management (LIO) struggles to keep hold of clients. Monday’s (25 March) year end trading update revealed that about half of the 18.3%, or £1 billion, decline in assets under management over the past year had been the result of redemptions. Landsbanki independent analyst Katrina Preston, says that while, like other long-only asset managers, the group can’t escape falling equity markets, risk is ‘exacerbated by ongoing redemptions.’

Shares says: Liontrust, with £4.5 billion under management, can’t afford to lose another billion this year. SK