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ABOUT LIONTRUST

The Macro-Thematic Process

The Macro-Thematic Process

At the core of the investment philosophy of Stephen Bailey and Jamie Clark their belief that macro thematic analysis - the identification and interpretation of major economic, political and social developments affecting the UK and the rest of the world - offers considerably greater scope to add long-term investment value than does stock specific analysis. Identifying such themes, and assessing their implications for investment markets and individual industries, provides the framework for the construction of their portfolios. 

Stephen and Jamie manage the following funds:

  • Liontrust Macro UK Growth Fund

Combination of “top-down” and “bottom-up” analysis, with volatility contained by diversification and tight limits on stock-specific exposure. Portfolio structure shaped by global political, economic and social issues. Stock selection criteria include business model, management, financial strength and relative valuation. The Fund will, from time to time, seek to capture short-term trading opportunities as well as longer-term investment value.

  • Liontrust Macro Equity Income Fund

Combination of “top-down” and “bottom-up” analysis, with volatility contained by diversification and tight limits on stock-specific exposure. Portfolio structure shaped by global political, economic and social issues. Stock selection criteria include business model, management, financial strength and relative valuation. The Fund will, from time to time, seek to capture short-term trading opportunities as well as longer-term investment value.