Liontrust Macro UK Growth Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Macro

Macro UK Growth Fund

Stephen Bailey & Jamie Clark

The Fund

The Fund has been managed since August 2002 by Stephen Bailey, with Jamie Clark becoming co-manager in 2007. The fund managers invest in UK-listed and, up to 20%, in overseas companies to provide capital growth along with reasonable income. They believe the identification and interpretation of major economic, political and social developments offer scope to add long-term investment value. The fund managers’ conviction is shown by the fact they may have 0% weightings in major sectors.

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The Macro-Thematic team

The Macro-Thematic team
Stephen Bailey & Jamie Clark

Stephen Bailey and Jamie Clark have over 45 years of combined investment experience and moved to Liontrust in 2012. Stephen started his career in the mid-1980s and joined Walker Crips in 1987 as investment director. Jamie joined Walker Crips in 2003 and prior to that was a Junior Proprietary Trader at First New York Securities.

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The Macro-Thematic Process

The process is based on the analysis of economic, political, social and cultural developments to identify Macro-Themes. The fund managers define a Macro-Theme as an undiscounted, structural change in the process of realisation; and the related passage to theme-maturity, as the macro-trend. The fund managers believe this investment process equips them to locate unappreciated investment ideas and capture the full, long-term potential of each portfolio holding. There are four stages to the process: theme discovery; identification of theme-assisted and theme-impaired companies; bottom-up analysis of prospective investments; portfolio construction and management.

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A unique opportunity to benefit from changes in life expectancy

Jamie Clark

How can declining improvements in life expectancy be a positive for Legal & General, a constituent of the... Read more

Ratings

Morningstar Sustainability rated 4
Liontrust Macro UK Growth Fund
Morningstar Sustainability Rating: 4

Latest fund update

Macro UK Growth Fund

Read the latest update for the Liontrust Macro UK Growth Fund.

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Rayner Spencer Mills - R Rated Fund
Liontrust Macro UK Growth Fund
Rayner Spencer Mills rated

Performance

Discrete performance

31-03-2017 -
31-03-2018
31-03-2016 -
31-03-2017
31-03-2015 -
31-03-2016
31-03-2014 -
31-03-2015
31-03-2013 -
31-03-2014
Liontrust Macro UK Growth 0.47% 11.52% -6.16% 9.94% 18.27%
IA UK All Companies 2.65% 17.95% -2.41% 5.77% 14.24%
FTSE All Share 1.25% 21.95% -3.92% 6.58% 8.81%
Liontrust Macro UK Growth
IA UK All Companies
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust Macro UK Growth 0.26% 5.66% 8.41% 46.99% 96.17% 345.18%
IA UK All Companies 3.30% 7.98% 25.20% 56.88% 112.59% 258.67%
FTSE All Share 3.63% 7.91% 27.19% 56.24% 111.91% 277.09%
To previous working day
Liontrust Macro UK Growth
IA UK All Companies
FTSE All Share

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 Macro Thematic 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. The performance of the Liontrust GF Macro Equity Income Fund may differ from the performance of the Liontrust Macro Equity Income Fund and is likely to be lower than its corresponding Master Fund due to additional fees and expenses.


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. 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.


© 2018 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 date01/02/1999
  • IA sectorIA UK All Companies
  • BenchmarkFTSE All Share
  • Fund size£40,402,100.00
  • Number of holdings52
  • Active Share78.61%
  • Historic yield3.29%

Fund size, number of holdings and active share data is as at previous month end. Historic yield and performance data is as at previous working day.

Historic yield: Reflects distributions declared over the past 12 months as a percentage of the mid-market unit price. It does not include any preliminary charge and investors may be subject to tax on their distributions.

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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