The Fund
The Fund has been managed since launch in November 2006 by James Inglis-Jones, and he was joined by Samantha Gleave in 2012. The Fund aims to deliver capital growth over the long term (5 years or more) by using the Cashflow Solution process to identify and invest in companies incorporated, domiciled, listed or which conduct significant business in the EEA (European Economic Area) and Switzerland. The Fund has an equally weighted portfolio.
You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.
Awards and Ratings
Investment Week Fund Manager of the Year Awards 2023
Europe Ex-UK
Citywire Manager Rating: AAA
FE fundinfo Crown Rating: 5
Morningstar Rating: 5
Rayner Spencer Mills Rated Fund
Square Mile Rating: A
Adviser Centre: R (Recommened)
Meet the team
James Inglis-Jones formed the Cashflow Solution team on joining Liontrust in March 2006 and was joined by Samantha Gleave in 2012. James and Samantha jointly manage the European Dynamic Fund having first worked together in 1998 and with an average industry experience of 25 years. James previously managed funds at Fleming Investment Management, JP Morgan Fleming and Polar Capital. Samantha began her career at Sutherlands and, among others, previously worked at Bank of America Merrill Lynch where she won awards for Top Stock Pick and Earnings Estimates.
"In the world of investment, it seems we should beware the wisdom of crowds, especially when levels of investor anxiety are elevated."
Performance
Performance since manager inception date (%)
Discrete performance (%)
| As at previous quarter 12 months ending: | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| Liontrust European Dynamic | 18.7 | 8.2 | 15.9 | 54.9 | -8.3 |
| IA Europe Excluding UK | 12.3 | 6.5 | 4.2 | 39.6 | -9.4 |
| MSCI Europe ex UK | 12.7 | 8.6 | 5.5 | 33.5 | -8.3 |
| Quartile Ranking | 1 | 2 | 1 | 1 | 2 |
Cumulative performance (%)
| As at previous day end | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Liontrust European Dynamic | -0.6 | 9.0 | 18.2 | 6.8 | 15.4 | 42.4 | 100.9 | 214.6 | 430.4 |
| IA Europe Excluding UK | -1.0 | 6.5 | 17.4 | 4.7 | 8.0 | 17.5 | 48.1 | 113.1 | 204.7 |
| MSCI Europe ex UK | -0.6 | 7.2 | 17.0 | 5.9 | 8.3 | 21.8 | 50.7 | 114.4 | 192.0 |
| Quartile Ranking | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | - |
Source: FE fundinfo as at 25/04/2024. Performance figures are shown in GBX. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.
Current positioning
Top 10 Holdings (%)
For more information on the OCF, see our costs and charges page.
Fund Manager Insights
Samantha Gleave & James Inglis-Jones
Samantha Gleave and James Inglis-Jones
James Inglis-Jones
Multiple authors
How to invest in Liontrust funds
Key Risks
Past performance does not predict future returns. You may get back less than you originally invested. All investments will be expected to conform to our social and environmental criteria. Overseas investments may carry a higher currency risk. They are valued by reference to their local currency which may move up or down when compared to the currency of the Fund. Bonds are affected by changes in interest rates and their value and the income they generate can rise or fall as a result; the creditworthiness of a bond issuer may also affect that bond's value. Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts. The value of a bond would be significantly affected if the issuer either refused to pay or was unable to pay. The Fund may encounter liquidity constraints from time to time. The spread between the price you buy and sell shares will reflect the less liquid nature of the underlying holdings. Outside of normal conditions, the Fund may hold higher levels of cash which may be deposited with several credit counterparties (e.g. international banks). A credit risk arises should one or more of these counterparties be unable to return the deposited cash. Counterparty Risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. ESG Risk: In reference to any component (where applicable) of a fund's investment process that uses external ESG data, there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG.
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks. It should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets. This information and analysis is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.
