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Liontrust - European Income - Olly Russ

European Income Fund

Olly Russ

The Fund

The Fund has been managed by Olly Russ since launch in December 2005, and he was joined by Oisin O’Leary as Assistant Fund Manager in June 2017. The aim of the Fund is to deliver a high level of income with potential for capital growth over the long term (5 years or more) by investing in companies incorporated, domiciled, listed or which conduct significant business in the EEA (European Economic Area) and Switzerland. The Fund seeks to deliver a net target yield of at least the net yield of the MSCI Europe ex UK Index each year.

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The European Income team

The European Income team

Olly Russ (right) joined Liontrust from Argonaut Capital in July 2016, having started his career at investment boutique Orbitex in 1998. Oisin O’Leary (left) joined Liontrust in June 2017, having previously been an investment analyst at Argonaut Capital Partners across the company’s range of funds.

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The European Income Process

The process seeks to find companies whose asset base and business are defended by an economic moat, such as a strong brand, niche products or a dominant market position, and where analysts underestimate future earnings growth or have undervalued the expected earnings growth. The fund managers use dividends as a proxy for earnings growth and expects to see dividends rising over time as companies increase pay outs to shareholders and earnings grow.

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Europe and the Hamiltonian Moment

Olly Russ

Europe’s recent stimulus had echoes of Alexander Hamilton’s reforms in the 18th century. European Income Fund Manager Olly... Read more

Latest fund update

European Income Fund

Read the latest update for the Liontrust European Income Fund.

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Ratings

Morningstar Sustainability rated 4
Liontrust European Income Fund
Morningstar Sustainability Rating: 4
Rayner Spencer Mills - R Rated Fund
Liontrust European Income Fund
Rayner Spencer Mills rated

Performance*

Discrete performance

30-06-2019 -
30-06-2020
30-06-2018 -
30-06-2019
30-06-2017 -
30-06-2018
30-06-2016 -
30-06-2017
30-06-2015 -
30-06-2016
Liontrust European Income -1.77% 4.44% -1.90% 23.27% 4.85%
IA Europe Excluding UK 0.89% 3.28% 3.11% 29.15% 4.46%
MSCI Europe ex UK -2.37% 5.24% 2.74% 21.57% -9.63%
Liontrust European Income
IA Europe Excluding UK
MSCI Europe ex UK
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust European Income -6.66% -1.61% -2.45% 26.23% 95.11% 138.01%
IA Europe Excluding UK -4.09% 2.06% 5.00% 40.42% 118.19% 160.13%
MSCI Europe ex UK -11.24% 2.89% 4.57% 9.85% 82.58% 73.46%
To previous working day
Liontrust European Income
IA Europe Excluding UK
MSCI Europe ex UK

Key Risks

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. Investment in Funds managed by the European Income team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Fund’s expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. Investment in the Liontrust European Enhanced Income Fund writes out of the money call options to generate additional income. These call options will be “covered”. Unitholders should note that potential capital growth of the Fund would be capped if these call options are exercised against the Fund and the Fund’s capital returns could therefore be lower than the market in periods of rapidly rising share prices.


Disclaimer

The information and opinions provided 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. Always research your own investments and (if you are not a professional or a financial adviser) consult suitability with a regulated financial adviser before investing.


Source: Financial Express. Total return, bid-to-bid. The FP Argonaut European Income Fund was launched on 15.12.05 and merged with the Liontrust European Income Fund on 08.07.16. The performance record of the Liontrust European Income Fund starts on 15.12.05, with Olly Russ managing the Fund since this date. 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.


© 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

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.

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Key fund information

  • Launch date7/7/2016
  • IA sectorIA Europe Excluding UK
  • Fund size£85,177,074.35
  • Number of holdings50
  • Active Share78.67%

Fund size and number of holdings data is as at previous month end. Performance data is as at previous working day.

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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