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Multi-Asset funds

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.

What are multi-asset funds?

The extensive choice of investment funds can be daunting for many investors. Rather than try to work out themselves which funds and assets to choose, investors can hand over these decisions to professionals who can construct and maintain a portfolio to help them meet their financial goals.

Multi-asset funds aim to make life easier for investors. They are managed by professional managers with the expertise and experience to decide what to invest in and when. Multi-asset funds offer the potential to deliver smoother returns over time when compared to single-strategy funds because they combine asset classes that have low correlations with each other and provide returns from a variety of sources.

Diversification is a key benefit of multi-asset investing. Investing across a range of asset classes, markets and fund managers creates opportunities while potentially lowering overall investment risk. For more information see What is diversification.

what are MA funds and portfolios

The Liontrust approach to multi-asset investing


Liontrust offers target risk funds, income-generating funds and specialist funds.

Target risk funds focus on securing the outcomes that investors expect in terms of the level of risk, as measured by volatility. This enables investors to match the appropriate fund to their desired risk profile.

Liontrust’s Multi-Asset income-generating funds aim to deliver income that is stable but with the potential to grow, while also offering scope for capital growth.

The Multi-Asset specialist funds aim to meet a specific objective rather than a volatility target and are designed for those investors who want exposure to individual asset classes and/or geographies.

Key differentiators of the Liontrust Multi-Asset funds include:

  • A broad range of funds
  • One of the most experienced and highly regarded investment management teams in the UK headed by John Husselbee
  • This experience enables the Liontrust Multi-Asset team to identify and separate investment innovations from fads, evaluate the motivations of fund managers and detect any changes in their commitment
  • Diversification across a range of funds, managers, geographical regions and asset classes
  • Clients can switch between target risk funds as their risk profiles and objectives change
  • Clients can stay in the target risk ranges through the accumulation and decumulation phases of their lives
  • The rigorous Liontrust Multi-Asset investment process is designed to deliver the outcome expected by investors and aims to generate maximum returns for each target risk fund within the prescribed volatility ranges
  • Target risk funds aim to “win over the long term by not losing”
  • There is a strong focus on risk management to ensure the funds meet their individual risk targets

Investing in Multi-Asset funds 

Multi-Asset funds can be incorporated within broader portfolios but they can also be used as stand-alone vehicles because of the diversification they offer and the ability to match them to investors’ specific risk profiles and financial goals.

The Liontrust team manages a range of Multi-Asset funds. These include:

The six funds are designed to target the outcome expected by investors in terms of their level of risk, as measured by volatility, and maximise the return for each fund within the appropriate risk band. These funds are for investors looking for an actively managed product that uses the skills and judgement of the underlying managers. Find out more
The five funds are designed to target the outcome expected by investors in terms of their level of risk, as measured by volatility, and maximise the return for each fund within the appropriate risk band. These funds are for investors seeking a cost-effective investment solution that combines passive with good quality active investment managers in whom we invest to outperform the relevant indices over the medium to long term. The funds use passive funds where it is appropriate to do so and they are available and use actively managed funds where we believe the opportunity to deliver higher returns is greatest or where passive funds are not an option. Find out more
The six funds are designed to target the outcome expected by investors in terms of their level of risk, as measured by volatility, and maximise the return for each fund within the appropriate risk band. These funds are for investors willing to accept that their investments will track the performance of the underlying funds’ benchmarks but will not outperform them. They aim to harness the advantages of investing in tracker funds with the investment scope enjoyed by multi-asset managers. Find out more
The Fund, which was launched in 2014, seeks to achieve growth from a combination of income and capital growth. At least 50% of the underlying funds invest in a range of real asset classes, which includes infrastructure, commodities, inflation linked assets and specialist property (such as transport facilities, telecommunication networks and water supplies). Find out more
Investing in multi-asset

Selecting the best manager is a challenge

The funds offered by Liontrust are actively managed, so the manager or investment team will make all the difficult decisions on which assets and funds to invest in at any given time.

Challenges of manager selection