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Liontrust Global Equity Team

India Fund

Ewan Thompson

The Fund

The Fund is managed by Ewan Thompson and aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% in shares of Indian companies. These are companies which, at the time of purchase, are incorporated, domiciled, listed or conduct significant business in India.

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Ewan Thompson
The Fund Manager - Ewan Thompson

Ewan manages the Liontrust Emerging Markets Fund and the Liontrust India Fund. Ewan previously managed these funds at Neptune Investment Management, before moving to Liontrust in October 2019. Ewan also leads the team’s research on the metals and mining sectors. Prior to joining Neptune in 2006, he worked as an editor for Yale University Press. Ewan graduated from Oxford University in 2003 with a degree in English.

More on the Global Equity team

The Global Equity Process

The fund managers believe the key to generating outperformance is through high conviction, long-term, research-led company selection. There are five key elements to the Global Equity investment process: identifying long-term winners; funds only consist of stocks in which there is high conviction that they will be long-term winners; funds have concentrated portfolios; the fund returns are not overly dependent on the success and failure of any one individual investment style or macro factors; and the funds are liquid in all market conditions.

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India: the compelling investment case in emerging markets

Ewan Thompson

India suffered widespread disruption through... Read more

Latest fund update

India Fund

Read the latest update for the Liontrust India Fund.

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Awards and ratings

Citywire - Fund Manager rated +
Ewan Thompson
Citywire Manager rating: +


Discrete performance

31-12-2020 -
31-12-2019 -
31-12-2018 -
31-12-2017 -
31-12-2016 -
Liontrust India 36.63% 11.47% -6.73% -13.12% 24.89%
IA India/Indian Subcontinent 28.29% 11.20% 1.41% -6.09% 27.73%
MSCI India 28.42% 18.29% 9.98% 1.39% 30.49%
Liontrust India
IA India/Indian Subcontinent
MSCI India
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust India 12.17% 33.24% 48.69% 49.31% 182.27% 222.35%
IA India/Indian Subcontinent 13.34% 24.68% 50.28% 68.89% 222.12% 360.72%
MSCI India 15.10% 27.38% 71.23% 120.36% 271.54% 356.92%
To previous working day
Liontrust India
IA India/Indian Subcontinent
MSCI India

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 Global Equity (GE) team may involve investment in smaller companies - these stocks may be less liquid and the price swings greater than those in, for example, larger companies. Investment in funds managed by the GE team may involve foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The team may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility. Some of the funds managed by the GE team hold a concentrated portfolio of stocks, meaning that if the price of one of these stocks should move significantly, this may have a notable effect on the value of that portfolio.


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. Index returns are in local currency and the average returns of the sector are in sterling. Please go to our Interactive Fund Centre for performance data and information on the Fund’s other share classes.


© 2022 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.


Key fund information

  • Launch date12/29/2006
  • IA sectorIA India/Indian Subcontinent
  • Fund size£63,002,327.61
  • Number of holdings40

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

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