* Quilter says recent market recovery lifted AUM from
March-end levels
* Liontrust’s AUM rises over 6% in April from March-end
* Aberdeen says weak markets offset growth at interactive
investor platform
April 22 (Reuters) – British money manager Quilter
posted record net inflows of 3.1 billion pounds ($4.2
billion) in the first quarter, while rivals Aberdeen
and Liontrust reported net outflows due to market
volatility sparked by the Iran war.
Quilter shares were up 5.2% in early trade on Wednesday,
while Liontrust was up 2% after it said managed assets as at
April 20 rose from end of March levels. Aberdeen shares were
marginally higher.
Global markets have whipsawed since the Iran conflict began
on February 28, with investor sentiment influenced by
developments in the war. Money managers such as Schroders
and Ashmore last week reported heavy client
withdrawals in March.
However, Quilter said a recent market recovery lifted its
managed assets from the end of March levels, reporting 141.9
billion pounds in assets under management and administration as
of March 31, slightly up on the prior quarter, but gave no April
update.
Liontrust echoed the sentiment as it said its managed assets
as at April 20 rose a little over 6% from their March-end levels
of 19.6 billion pounds.
The contrasting results highlight how changing distribution
and investment models are reshaping UK wealth management, with
platform-based and advice-led firms drawing inflows while
traditional active managers face pressure from low-margin equity
outflows and cheaper index funds.
London-based Aberdeen posted net outflows of 2.9 billion
pounds for the first quarter, hit by anticipated lower-margin
equities withdrawals of around 4 billion pounds.
Its managed assets fell to 547.7 billion pounds at the end
of March, from the 556 billion pounds reported at the end of
December, as weak markets in March weighed on assets despite
record growth at its interactive investor platform.
Corporate News Funds Banking Technology 
Quilter 
Abrdn 
Liontrust Asset Management 
Schroders 
Ashmore Group
