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Global Innovation Fund

Fund launch date 31/12/2001
Fund size £214,146,291.71
Number of holdings 45
Managed by current team for 2 years
Currently viewing:

The Fund

The Fund is managed by James Dowey and Storm Uru. James started managing the Fund in July 2019 and was joined by Storm in February 2021. They have jointly developed the Global Innovation approach to the Global Equity investment process that is applied to the management of the Global Innovation Fund. The Fund aims to generate capital growth over the long term (5 years or more). The Fund invests in global equities on the basis of James and Storm’s disruption investing philosophy. In constructing the portfolio, the managers seek companies that are disruptors, enablers and embracers.

Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.
Key Information
Manager Inception Date of Fund
01/07/2019
Class Launch Date
03/10/2012
Comparator Benchmark 1
MSCI ACWI
Comparator Benchmark 2
IA Global
Price
Single Price
220.940p
Offer Price
-
Price Date
23/05/2022

Awards and Ratings

Citywire fund manager rating Citywire Manager Rating: +
FEfundinfo Crown Rating FE fundinfo Crown Rating: 4
Rayner Spencer Mills RSMR Rated Fund

Meet the team

James Dowey and Storm Uru, who co-manage the Fund, moved to Liontrust as part of the acquisition of Neptune Investment Management in October 2019. James has researched and taught the history of innovation at the London School of Economics. James has an MA in Economics from Edinburgh University, an MPhil in Economics from King’s College, Cambridge University, and a PhD from the London School of Economics. Storm joined Neptune in 2014, and prior to this, he graduated with an MBS in International Business from Massey University in 2011 and an MBA in Finance at the University of Oxford in 2014. 

More about the team
Meet the tea

Our Investment Process

The fund managers believe the key to generating outperformance is through high conviction, long-term, research-led company selection.
The Liontrust Global Innovation Fund focuses on investing in innovative businesses, based on the managers’ belief that innovation is the biggest driver of shareholder returns. 
This approach to investing is especially effective in an era such as the present one where innovation and disruptive change are the central features of the economy. In these conditions, businesses that can innovate stand the best chance of succeeding over time.
In assessing an innovative business as an investment, it is essential to judge it not by its novelty or technological sophistication but by the value it creates for its customers and its ability to capture an adequate share of this value for its shareholders.
Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.

Performance

Performance since fund launch date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Liontrust Global Innovation 0.1 42.2 4.7 5.0 13.0
MSCI ACWI 12.4 38.9 -6.7 10.5 2.4
IA Global 8.4 40.6 -6.0 9.0 2.7
Quartile Ranking 4 3 1 3 1

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 Global Innovation -14.2 -14.9 -30.5 -26.8 -17.2 17.6 45.8 134.2 491.3
MSCI ACWI -6.3 -3.1 -10.3 -9.9 2.3 32.4 54.5 220.5 349.8
IA Global -5.2 -2.4 -13.4 -12.9 -2.4 27.8 46.0 179.7 282.6
Quartile Ranking 4 4 4 4 4 4 3 4 -

Source: FE fundinfo as at 20/05/2022. 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 (%)

COSTCO WHOLESALE CORP 3.68
ALPHABET INC 3.63
PLANET FITNESS INC 3.55
UNITEDHEALTH GROUP INCORPORATED 3.34
LULULEMON ATHLETICA INC 3.31
DANAHER CORPORATION 3.30
TRADEWEB MARKETS INC 3.20
TOPICUS.COM INC 3.20
MICROSOFT CORP 3.07
BANK RAKYAT INDONESIA (PERSERO) TBK, PT 2.91

Sector Breakdown (%)

Information Technology 20.90
Financials 18.21
Consumer Discretionary 17.81
Communications 13.30
Health Care 11.22
Industrials 6.57
Real Estate 4.17
Consumer Staples 3.68
Utilities 1.96
Energy 1.96
Money Market 0.18

Geographic Breakdown (%)

USA
70.46
Canada
7.86
China
5.11
UK
3.47
Indonesia
2.91
Netherlands
2.80
Germany
2.52
India
1.96
Singapore
1.40
Japan
1.29
Money Market
0.18

Source: Liontrust as at 29/04/2022.

Source: FE fundinfo
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
1 January, 1 July
Distribution date
28 February, 31 August
Sedol code
B8DLY47
ISIN code
GB00B8DLY478
Charges
Initial charge
-
Ongoing Charges Figure
0.88%
Included within the OCF is the Annual Management Charge
0.75%
Fund insights

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

Key Risks 

Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested. The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.

 

Investment in the Fund involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Fund may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility.

 

Disclaimer

This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID), which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. Always research your own investments. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances. 

 

This 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. It contains information and analysis that 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 of this document, no representation or warranty, express or implied, is made by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. It should not be copied, forwarded, reproduced, divulged or otherwise distributed in any form whether by way of fax, email, oral or otherwise, in whole or in part without the express and prior written consent of Liontrust.

Fund literature
Global Innovation Fund
View latest fund update