The UK-based fund management group posted solid growth for the last three months of 2015 in a trading update on the London Stock Exchange.

Liontrust Asset Management boosted its assets under management by seven per cent over the final quarter of 2015 to £4.7 billion ($6.8 billion).

The group generated net inflows of £53 million over the period, bringing net inflows for the financial year to 31 December to £163 million. This was notably down from the previous year when net flows reached £424 million, though that figure included £315 million of institutional net inflows from a single client.

Liontrust said that despite the “severe” stock market volatility seen in the first week of 2016, it expects continued strong performance from two of its most popular funds, the Liontrust Special Situations Fund and the Liontrust UK Smaller Companies Fund.

The Liontrust Special Situations Fund returned 12.74 per cent in 2015 against 4.86 per cent by the average fund in the IA UK All Companies sector. The Liontrust UK Smaller Companies Fund returned 23.48 per cent in 2015 against a14.86 per cent average in the IA UK Smaller Companies sector.