Liontrust Asset Management PLC (LSE: LIO) is an FTSE All-Share listed UK-based holding company specializing in fund management. Through its subsidiaries, Liontrust Fund Partners LLP manages unit trusts, while Liontrust Investment Partners LLP and Liontrust Portfolio Management Limited offer investment management services to professional investors, either directly, via investment consultants, or through other advisers. 

Key Investment Rationale – Speculative Buy at GBX 309.50

• A Stabilizing and Diversifying Asset Base: Despite net outflows, AuMA grew to £22.2bn, supported by diversification across Sustainable Investment (£7.6bn) and Cashflow Solution (£3.3bn) strategies. This reduces reliance on any single market or investment process.
• Nascent but Tangible International Distribution Progress: Management has broadened its client base, adding clients in South America, Australia, South Africa, and the Middle East. New institutional mandates and key buy-list placements indicate its global distribution strategy is gaining traction.

• Decent Performance in Key Strategic Fund Ranges: Several funds demonstrated top-quartile performance, including the Global Innovation and Liontrust European Dynamic Funds. This competitive strength across multiple time horizons provides a solid foundation for potential future inflows as market sentiment improves.

• Institutional Segment Demonstrates Resilience: The Institutional Accounts segment was resilient with minimal net inflows, contrasting significant UK retail outflows. This suggests greater capital stickiness and aligns with the firm's reported success in securing new institutional mandates.

LIO Daily Chart & Valuation

One Year Technical Price Chart (as of November 03, 2025). Source: REFINITIV, Analysis: Kalkine Group

For conducting the valuation, the following peers have been considered: Chrysalis Investments Ltd (LSE: CHRYL), Barclays PLC (LSE: BARC), etc.

As per the above-mentioned price action and technical indicators analysis, a ‘Speculative Buy’ rating has been given on Liontrust Asset Management PLC (LSE: LIO) at the Current Market Price of GBX 309.50, as of November 03, 2025, at 11:09 AM GMT.

Markets are trading in a highly volatile zone currently due to certain Macro & Micro-economic data and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 03 November 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.