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Sustainable Investment team

Our investment process

The investment process seeks to generate strong returns from investing in companies aiming to deliver profits through positive social and environmental impacts. The fund managers look at the world through the prism of three mega trends – Better resource efficiency (cleaner), Improved health (healthier) and Greater safety and resilience (safer) – and then 22 themes within these.

If a company has significant exposure to one of the themes, the fund managers verify how sustainable the rest of its activities are. For each company, the fund managers determine the ESG factors that are important indicators of future success and assess how well these are managed, via the proprietary Liontrust Sustainability Matrix.

Companies in which the fund managers invest will have robust business fundamentals with a proven ability to deliver high returns of equity (RoE) through sustaining margins and asset turnover. Typically, these companies have a maintainable competitive advantage through scale, technology or business model.

Funds managed by the team

The Liontrust Sustainable Investment team manages a broad range of funds across equities, bonds, and managed funds.

Funds managed by the team

Latest insights

More insights
Peter Michaelis Peter Michaelis
Maintaining the pressure on companies to decarbonise
icon 17 April 2024
Decarbonised world
Mike Appleby Mike Appleby
Evolution of our sustainable investment themes As the world changes, so too our sustainable investment themes are evolving as we discuss here
icon 16 April 2024
Sustainable finance
Deepesh Marwaha Deepesh Marwaha
In deep water – engaging with UK water companies Investing in UK water utilities has hit rough waters in recent times with chronic underinvestment. But there is a route to better outcomes
icon 10 April 2024
Water company
Martyn Jones Martyn Jones
Alcon – Enabling healthier lifestyles One billion people live with a preventable vision impairment, a figure set to grow as the global population ages. This Stocktake from the Sustainable Investment team looks at Alcon, a market leader in ophthalmic surgery
icon 3 April 2024
Simon Clements Simon Clements
Why World Water Day matters On World Water Day fund manager Simon Clements discusses why improving the management of water is a key theme for the Sustainable Future team
icon 21 March 2024
Ed Phelps, Trainee Sustainable Investment Associate Ed Phelps
Sika – Building better cities In the latest of their Stocktake series, the Sustainable Investment team cover a key investment theme – Building better cities – and take a closer look at construction chemicals manufacturer Sika
icon 13 March 2024
Chemical construction

Meet the team

The team has been managing the Sustainable Future (SF) funds for more than 22 years.  A key differentiator is the fact all the sustainable elements are fully integrated within a single team. The team, which has over 200 years of combined experience, is headed by Peter Michaelis, who was previously Head of SRI at Aviva Investors and has been managing the SF funds since launch. The fund managers that joined from Alliance Trust Investments (ATI) as part of its acquisition were previously running the Sustainable Future fund range at Aviva Investors. The other lead equity managers are Simon Clements (who was formerly Head of Global Equities at Aviva Investors) along with Martyn Jones and Chris Foster who joined the management training programme at ATI as graduates. Fixed Income investments are managed by Kenny Watson (formerly at Ignis Asset Management), Aitken Ross and Jack Willis who also started their careers in the graduate scheme at ATI, and Connor Godsell. Harriet Parker leads on engagement activities across the team.


"Over our first 20 years of managing the SF funds, our investments have been successful because they have provided something society needs.”

Sustainable Investment: Annual Review 2022

This year’s Annual Review from the Liontrust Sustainable Investment team assesses the challenging landscape 2022 presented for investors with volatility across almost every asset class and major macro-economic and political uncertainties – many of which are still ongoing. This environment has been especially challenging for those investing sustainably. And yet, looking to 2023 they are more excited about the prospects than they have been for years.

Click below to read the Annual Review that covers the Sustainable Future process, fund performance, and work across impact measurement and engagement during 2022.

Meet the tea

Awards and ratings

Professional Paraplanner ESG Solution Provider 2023 Professional Paraplanner Awards 2023 Best ESG Investment Solution Provider
Professional Adviser Awards 2022 - Best ESG Solution for Advisers Professional Advisor Awards 2022: Best ESG Solution for Advisers Liontrust SF Managed Funds
Professional Paraplanner Awards 2022 - Best ESG Investment Solution Provider Professional Paraplanner Awards 2022 Best ESG Investment Solution Provider
Citywire fund manager rating Citywire Manager Rating: A Kenny Watson
Fund Manager of the Year Awards 2021 IW FM of the Year Awards 2021: Managed 40-85% Shares Liontrust SF Managed Fund
Citywire fund manager rating Citywire Manager Rating: A Jack Willis
Citywire fund manager rating Citywire Manager Rating: A Aitken Ross
Fund Manager of the Year Awards 2021 IW FM of the Year Awards 2021: Global Growth Liontrust SF Global Growth Fund
Fund Manager of the Year Awards 2021 IW FM of the Year Awards 2021: Managed - Flexible Investment Liontrust SF Managed Growth Fund
PA AWARDS 21 Best ESG Solution Professional Advisor Awards 2021: Best ESG Solution for Advisers Liontrust SF Managed Funds