Liontrust UK Micro Cap Fund

Identifying Big Opportunities Among Micro Caps

Liontrust UK Micro Cap Fund

Identifying big opportunities among micro caps

The UK Micro Cap Fund, which invests in UK headquartered companies with high managerial ownership and a market capitalisation of under £150 million, celebrated its 3rd anniversary on 9 March 2019.

Liontrust UK Micro Cap was the top performing Fund in the IA UK Smaller Companies sector in 2018.

The award-winning Economic Advantage team manages the Fund. Victoria Stevens and Matt Tonge are AAA rated by Citywire, and Anthony Cross and Julian Fosh are FE Alpha Managers for 2019.

The Economic Advantage investment process seeks to identify companies that possess intangible assets which produce barriers to competition. These 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.

Liontrust UK Micro Cap Fund sales aid

More on the fund...

Uk Micro cap Fund Mail on Sunday
"The minnows of the market roar for Liontrust"

The Mail on Sunday profiles the Liontrust UK Micro Cap Fund.

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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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The Economic Advantage team
The Economic Advantage team
 Anthony Cross (centre-left), Julian Fosh (centre-right), Victoria Stevens (right), Matt Tonge (left) and Alex Wedge (not pictured)

Anthony Cross has managed the Liontrust Special Situations and UK Smaller Companies Funds since launch and he started working with Julian Fosh 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. Victoria Stevens and Matt Tonge joined the team in 2015 to research and analyse investment opportunities primarily across the small cap universe. Alex Wedge joined the team in March 2020 from N+1 Singer.

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Why we have invested in IMI

Julian Fosh

The stockmarket setback in March allowed the Economic Advantage... Read more

Latest fund update

UK Micro Cap

Read the latest update for the Liontrust UK Micro Cap Fund. Read more

Past performance is not a guide to future performance. Please remember that, as with all investments, there are risks. The value of investments and income derived from them may go down as well as up and you may not get back the full amount invested.

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.
 
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