Multi-Asset team

The Liontrust Multi-Asset investment process is based on a number of core beliefs. These beliefs have been accumulated over the long combined careers of the Liontrust Muti-Asset team and have developed over many years. Among these beliefs are:

• Investment markets are inefficient
• Sentiment can cause market prices to move away from their fundamental value over the short term
• Over the long term, markets tend to revert towards levels justified by their fundamentals
• Active management of asset allocation can add value through exploiting mispricing and their subsequent return to normal
• We believe that equity markets remain the key driver of long term real returns
• Within equity markets, factors such as value, growth, quality and size have inherent tailwinds due to either behavioural or market structure inefficiencies
• Each of these factors in isolation can be volatile but a combination of these factors should outperform the broader index over time
• Asset allocation is the means by which we combine complementary asset classes together to create a risk and return profile that is appropriate for different investor cohorts
• We believe that an appropriate time horizon is essential and as a result, a long term, disciplined, robust and repeatable process will give investors the best chance of long-term outperformance

There are five parts to the Multi-Asset investment process:

• Strategic Asset Allocation (SAA)
• Tactical Asset Allocation (TAA)
• Portfolio construction
• Manager selection
• Implementation

To read the full process, please click the button below.

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