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

UK Growth Fund

Anthony Cross & Julian Fosh

The Fund

The Fund has been managed since March 2009 by Anthony Cross and Julian Fosh and predominantly invests in UK large and mid-cap stocks using the Economic Advantage investment process. The process seeks to identify companies with a durable competitive advantage that allows companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. This can lead to sector exposures being significantly different from those of the market and many of the Fund’s sector peers. 

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The Economic Advantage team

The Economic Advantage team

Anthony Cross (left) and Julian Fosh (right) have over 55 years of combined investment experience. Anthony, who was previously at Schroders, has managed the Liontrust Special Situations and UK Smaller Companies Funds since launch and he started working with Julian at Liontrust in 2008. Julian has previously managed money at Scottish Amicable Investment Managers, Britannic Investment Managers, Scottish Friendly Assurance Society and Saracen Fund Managers.

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The Economic Advantage Process

The process seeks to identify companies that possess intangible assets which produce barriers to competition and provide a durable competitive advantage that allows the companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. In the fund managers’ experience, the hardest characteristics for competitors to replicate are three classes of intangible asset: intellectual property, strong distribution channels and significant recurring business.

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How we’re playing the video gaming market

Matt Tonge

Liontrust UK Micro Cap co-manager Matt Tonge explains how he’s playing the video gaming market. Read more

Awards and ratings

FE Crown Rated - 5
Liontrust UK Growth Fund
FE Crown Rating: 5
FE Alpha Manager 2018 - Anthony Cross
Anthony Cross
FE Alpha Manager 2018
FE Alpha Manager 2018 - Julian Fosh
Julian Fosh
FE Alpha Manager 2018
Citywire rated AAA
Anthony Cross & Julian Fosh
Citywire Manager rating: AAA

Latest fund update

UK Growth Fund

Read the latest update for the Liontrust UK Growth Fund.
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Morningstar rated 4 star
Liontrust UK Growth Fund
Morningstar Rating: 4
Morningstar OBSR - Bronze
Liontrust UK Growth Fund
Morningstar OBSR Bronze
Morningstar Sustainability rated 4
Liontrust UK Growth Fund
Morningstar Sustainability Rating: 4

Performance*

Discrete performance

30-09-2017 -
30-09-2018
30-09-2016 -
30-09-2017
30-09-2015 -
30-09-2016
30-09-2014 -
30-09-2015
30-09-2013 -
30-09-2014
Liontrust UK Growth 9.43% 11.50% 25.67% 1.62% 7.65%
IA UK All Companies 5.54% 13.65% 11.74% 1.93% 6.01%
FTSE All Share 5.87% 11.94% 16.82% -2.30% 6.09%
Liontrust 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 UK Growth -2.97% 1.58% 37.03% 54.13% 244.43% 846.06%
IA UK All Companies -5.73% -2.79% 21.07% 31.17% 166.78% 439.74%
FTSE All Share -5.43% -1.33% 26.37% 30.94% 155.56% 490.05%
To previous working day
Liontrust 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. Some of the Funds managed by the Economic Advantage team invest primarily in smaller companies and companies traded on the Alternative Investment Market.  These stocks may be less liquid and the price swings greater than those in, for example, larger companies. The performance of the  GF UK Growth Fund may differ from the performance of the  UK Growth Fund and will 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. The performance of Liontrust UK Growth I Inc does not go back to the Fund's launch date because not all the historic data is available from FE. Performance data starts from 31.01.95. 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 date08/03/1993
  • IA sectorIA UK All Companies
  • BenchmarkFTSE All Share
  • Fund size£347,124,332.87
  • Number of holdings45
  • Active Share65.75%
  • Historic yield2.19%

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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