Liontrust UK Growth Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Economic Advantage

UK Growth Fund

Anthony Cross & Julian Fosh

The Fund

The Fund has been managed since March 2009 by Anthony Cross and Julian Fosh and predominantly invests in UK large and mid-cap stocks using the Economic Advantage investment process. The process seeks to identify companies with a durable competitive advantage that allows companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. This can lead to sector exposures being significantly different from those of the market and many of the Fund’s sector peers. 

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The Economic Advantage team

Anthony Cross and Julian Fosh
Anthony Cross & Julian Fosh

Anthony Cross and Julian Fosh have won multiple awards and have 55 years of combined investment experience. Anthony, who was previously at Schroders, has managed the Liontrust Special Situations and UK Smaller Companies Funds since launch and he started working with Julian at Liontrust in 2008. Julian has previously managed money at Scottish Amicable Investment Managers, Britannic Investment Managers, Scottish Friendly Assurance Society and Saracen Fund Managers.

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The Economic Advantage Process

The process seeks to identify companies that possess intangible assets which produce barriers to competition and provide a durable competitive advantage that allows the companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. In the fund managers’ experience, the hardest characteristics for competitors to replicate are three classes of intangible asset: intellectual property, strong distribution channels and significant recurring business.

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Tapping into the Digital Economy

Victoria Stevens

It’s hard to attach a value to ‘digital economy’ benefits for any given company, but... Read more

Ratings and awards

FE Crown Rated - 5
Liontrust UK Growth Fund
FE Crown Rating: 5
FE Alpha Manager 2017 - Anthony Cross
Anthony Cross
FE Alpha Manager 2017
FE Alpha Manager 2017 - Julian Fosh
Julian Fosh
FE Alpha Manager 2017
FE Alpha Manager 2015 - Best in UK Equity - Anthony Cross
Anthony Cross & Julian Fosh
FE Alpha Manager 2015 - Best in UK Equity

Latest fund update

UK Growth Fund

Read the latest update for the Liontrust UK Growth Fund.
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Citywire rated AAA
Anthony Cross & Julian Fosh
Citywire rated AAA
Citywire Selection
Liontrust UK Growth Fund
Citywire Selection
Money Observer - Rated fund 2016
Liontrust UK Growth Fund
Money Observer rated
Morningstar OBSR - Bronze
Liontrust UK Growth Fund
Morningstar OBSR Bronze


Discrete performance

31-03-2016 -
31-03-2015 -
31-03-2014 -
31-03-2013 -
31-03-2012 -
Liontrust UK Growth 23.15% 2.68% 9.19% 9.51% 16.65%
IA UK All Companies 17.95% -2.41% 5.77% 14.24% 17.29%
FTSE All Share 21.95% -3.92% 6.58% 8.81% 16.77%
Liontrust UK Growth
IA UK All Companies
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust UK Growth 8.72% 23.37% 38.86% 75.93% 125.40% 788.98%
IA UK All Companies 9.38% 18.98% 24.28% 66.21% 68.87% 426.67%
FTSE All Share 6.44% 18.59% 23.08% 57.58% 69.60% 465.23%
To previous working day
Liontrust UK Growth
IA UK All Companies
FTSE All Share

Risk warning

• Past performance is not a guide to future performance. • Do remember that the value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.  • Some of the Funds managed by the Economic Advantage Team invest in smaller companies and companies traded on the Alternative Investment Market.  These stocks may be less liquid and the price swings greater than those in, for example, larger companies.

• The information and opinions provided should not be construed as advice for investment in any product or security mentioned.  • Always research your own investments and consult with a regulated investment adviser before investing.

Source: Financial Express. Total return, bid-to-bid. The performance of Liontrust UK Growth I Inc does not go back to the Fund's launch date because not all the historic data is available from FE. Performance data starts from 31.01.95. Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd ('Citywire'), may not be copied and Citywire excludes any liability arising out of its use. ©2017 Morningstar. All Rights Reserved. The Morningstar OBSR Analyst Rating™ is subjective in nature and reflects Morningstar OBSR's current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, Morningstar OBSR does not guarantee that a fund will perform in line with its Morningstar OBSR Analyst Rating.

Explore in detail

For more information (including prices) and to explore all of the Fund's share classes in more detail please visit our interactive fund centre.


Key fund information

  • Launch date08/03/1993
  • IA sectorIA UK All Companies
  • BenchmarkFTSE All Share
  • Fund size£278,181,100.00
  • Number of holdings44
  • Active Share68.20%
  • Historic yield2.30%

Fund size, number of holdings and active share data is as at previous month end. Historic yield and performance data is as at previous working day.

Historic yield: Reflects distributions declared over the past 12 months as a percentage of the mid-market unit price. It does not include any preliminary charge and investors may be subject to tax on their distributions.

Active Share: The percentage of a portfolio invested differently to its benchmark. A 100% active share is a portfolio with no weightings in the benchmark, a 0% active share is a portfolio identical to the benchmark.

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