Liontrust GF Asia Income Fund

July 2020 portfolio changes

Sold – Challenger. Shares in the company had recovered by around 50% from their March lows. While the long-term outlook for the annuities business in Australia still looks robust, the near term is likely to be negatively impacted by interest rates remaining lower for longer. Challenger has also de-risked its investment portfolio to guard against market volatility, which will affect earnings growth next year.

For a comprehensive list of common financial words and terms, see our glossary here.

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 Asia 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 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.

Friday, August 7, 2020, 3:51 PM