Liontrust Asset Management has reported an increase in assets under management of 13 per cent for the first half of the year, from £3 billion ($4.8 billion) on 31 March 2013 to £3.4 billion at the close of business on 24 September.

The firm reported net inflows of £312 million for the half year, with £178 million of this coming from offshore funds and £146 million from retail investors.

However, the firm only recorded net inflows of £10 million for the current quarter.

Liontrust said that seven out of eight of its actively managed UK retail funds are in the first quartile of their respective IMA sectors since launch or manager inception to 31 August 2013.

"After a strong first quarter, it is particularly pleasing to have weathered the more turbulent second quarter with a small positive net inflow but maintaining strong headline gross sales. This highlights the great progress made in both marketing and sales over the last few years. Average monthly gross sales in the last financial year were £107 million compared to £136 million in the current financial year to date," said chief executive John Ions.