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UK fund manager Liontrust reports 23% drop in annual profit

Reuters

(Reuters) - Liontrust Asset Management reported a 23% drop in annual profit on Wednesday and net outflows of 6.1 billion pounds ($7.74 billion) as investor sentiment remained challenging.

"We have started to see signs of a change in investor sentiment and this is likely to move significantly when more central banks reduce interest rates and there is greater political and fiscal certainty in the UK," it said in a statement.

($1 = 0.7885 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)