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) and Matt Tonge (left) have over 60 years of combined investment experience. Anthony was previously at Schroders and Julian was at Saracen Fund Managers. Victoria Stevens was previously deputy head of corporate broking at FinnCap and Matt Tonge was formerly an award winning trader.

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Victoria Stevens reflects on three years co-managing Liontrust UK Micro Cap

Victoria Stevens

As the Liontrust UK Micro Cap Fund hits its 3 Year Anniversary - and on International Women’s Day... Read more

Latest fund update

UK Micro Cap

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

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Discrete years' performance* (%), to previous quarter-end:

 

Dec-18

Dec-17

Liontrust UK Micro Cap I Acc

3.0

22.1

FTSE Small Cap ex Its

-13.8

15.6

IA UK Smaller Companies

-11.7

27.2

Quartile

1

4


*Source: Financial Express, as at 31.12.2018, total return (net of fees and income reinvested), bid-to-bid, institutional class.
Discrete data is not available for five full 12 month periods due to the launch date of the portfolio. Investment decisions should not be based on short-term performance.


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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