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Martyn Jones

Encouraging sustainable leisure – introducing our latest theme

Liontrust’s Sustainable Investment team recently added Encouraging sustainable leisure to its list of 21 structural growth trends. Leisure is an integral part of mental health and stocks linked to this theme will be a key part of the Liontrust ESG Trust PLC (ESGT), whose IPO is planned for early July. Read more
James Inglis-Jones

Anatomy of a value rally: March 2020 – June 2021

James Inglis-Jones looks back at the rally in value stocks over the last year, explains why and how the Cashflow Solution investment process was able to benefit from this trend, and asks whether value outperformance has further to run. Read more
David Roberts

Is the spike in inflation just a blip?

The latest inflation numbers in the UK and US have been higher than expected, but bond investors seem largely unperturbed – David Roberts asks if they have become complacent? Read more
David Roberts

Is the spike in US inflation just a blip?

The latest US inflation numbers have been largely dismissed as transitory by both the market and the Federal Reserve. David Roberts argues that some of the inflationary forces are structural in nature and could require action from the Fed sooner than current market expectations. Read more

Tactical Asset Allocation update: Q2 2021

Liontrust Multi-Asset Team

As part of its latest target TAA review, Liontrust’s Multi-Asset team has moved up to neutral on US equities after recent cooling off and is slightly less positive on Japan, although still bullish, with concerns about the country’s stuttering vaccination effort. Read more
Peter Michaelis

Lessons from 20 years of sustainable investment

Liontrust has a 20-year track record in sustainable investing and will apply the knowledge gained in managing the portfolio for the Liontrust ESG Trust PLC, whose IPO is planned for early July. Head of the Sustainable Investment team Peter Michaelis highlights the lessons learnt (and proved) over the last two decades. Read more
Aitken Ross

Three-year milestone for Liontrust GF SF European Corporate Bond Fund

As GF SF European Corporate Bond celebrates its three-year anniversary, co-manager Aitken Ross highlights the Fund’s ESG credentials and explains why the team continues to bank on short duration and financials. Read more
Peter Michaelis

Accessing those hard-to-reach SDGs

This year’s World Oceans Day highlights how this huge natural resource is undermined by our own actions, via plastic pollution, overfishing and carbon emissions. Finding ways to invest in solutions to these threats will be a focus for the Liontrust ESG Trust PLC, whose IPO is planned for early July. Read more
Storm Uru

Why we don’t own the market’s favourite stock of 2020

With the automobile market going through a major transformation not seen in over 100 years with the rise of electric vehicles, Storm Uru and James Dowey explain why they prefer to access this disruptive innovation through more traditional auto names rather than the increasingly expensive companies currently leading the charge. Read more

Why we invest in innovation

Storm Uru & James Dowey

While the two all-time greatest investment approaches are value investing and quality investing, Storm Uru and James Dowey explain why the rapid change, innovation, and disruption of our age means a third investment style can deliver for investors. Read more
Storm Uru

AT&T: A lesson in the destruction of shareholder value

AT&T has agreed the spin-off and merger of WarnerMedia with Discovery in the latest stage of dismantling its “empire”. Storm Uru discusses how AT&T is a case study for income investors in not chasing yield and how companies can destruct shareholder value. Read more
John Husselbee

Lessons from 1709’s Great Frost

The UK’s 9.9% GDP contraction last year was the worst since 1709, when freezing temperatures brought most of Europe to a halt and the economic fallout lasted more than a decade. John Husselbee explains why the rebound from 2020 will be much faster and why UK equities offer investment opportunities amid global reflation. Read more
Jen Causton

Improving prospects for the Land of the Rising Sun

Signs of life are emerging for Japanese equities after a long period out of favour. Jen Causton highlights the case for what remains a cheap market benefiting from the global reflation trade, albeit with a potential vaccine red flag to keep in mind. Read more
Mike Appleby

Measuring impact: the climate change crisis

Current progress and ambition on decarbonisation both fall short of goals to limit global temperature rises to less than 1.5 degrees. At Liontrust, we continue to track how our SF funds compare on carbon emissions and invest in businesses helping to create an ultra-low carbon economy; for more on this and other ways we measure impact, see here. Read more
David Roberts

Q2 strategy – Positioning for an uneven recovery

The global economy is expected to grow significantly in the latter part of 2021, but this growth won’t be evenly spread across regions. Fund Manager David Roberts dissects these growth discrepancies and explains how the Global Fixed Income funds are positioned against this backdrop. Read more
John Husselbee

Price and value: what you pay versus what you get

Worries about bubbles in investment markets have focused attention on price and value again. John Husselbee explains the relationship between price and value and the role they play – along with value for money - in managing Multi-Asset funds. Read more
Donald Phillips

Should you still invest in high yield when credit spreads are low?

Donald Phillips explains why the high yield investment outlook still looks positive, even at historically low yield premia to government bonds. Read more
Chris Taylor

Japan: going for gold

With the Olympics set to go ahead after last year’s postponement, Chris Taylor identifies which Japanese companies are likely to be winners from a number of current headwinds. Read more
John Husselbee

How to win by not losing: Play the course, not the opponent

Hideki Matsuyama’s victory in the recent Masters shows the importance of playing the course rather than the opponent, and avoiding unforced errors. As John Husselbee reveals, both are equally key to ‘winning the loser’s game’ of investment. Read more
Phil Milburn

Was it something we AIT? How the Fed’s inflation policy will affect bond yields

With inflation set to continue rising, Phil Milburn takes a look at the market’s battle with the US Federal Reserve over how high bond yields will be allowed go Read more
David Roberts

Bond markets during a global pandemic

David Roberts, Head of Fixed Income at Liontrust, analyses how bond markets have reacted to the pandemic over the past year and what this means for investors. Read more
Victoria Stevens

Success stories in the UK micro cap space

Since its launch 5 years ago, a number of stocks have left the Liontrust UK Micro Cap Fund because they have been so successful they have outgrown the portfolio. Victoria Stevens highlights such companies and others that could follow. Read more
David Roberts

Do you really own a bond fund?

Bonds are thought of as a relatively stable asset class, which offer diversification from equity risk. But that isn’t always the case. David Roberts explains how some bonds are more closely correlated with equities than the wider bond market and why it is imperative that investors are selective about which bonds they include in their portfolios. Read more
James Klempster

Fixed Income: horses for all courses

Concerns about inflationary pressures have prompted a rise in yields and a fall in prices in bond markets this year. James Klempster outlines the outlook for fixed income markets and how they play different roles within our Multi-Asset target risk funds. Read more
Robin Geffen

Finding the next FAAMGs among global small caps

Anyone buying 304 shares in Amazon in 1997 for a total cost of around $526 would now be a dollar millionaire. In this article, Robin Geffen highlights how to identify the tech giants of the future. Read more

What does the outperformance of active funds tell us?

Liontrust Multi-Asset Team

Active funds in aggregate have generally outperformed passives over the past year. The Liontrust Multi-Asset investment team examines the reasons for this, what this tells us about the current environment for equities and the positioning of the Multi-Asset funds. Read more

Multi-Asset’s current Tactical Asset Allocation

Liontrust Multi-Asset Team

Will we be enjoying a roaring ‘20s, a return of inflationary pressures and which asset classes offer the greatest investment opportunities? The Liontrust Multi-Asset team provides their latest medium term view of asset classes. Read more
Harriet Parker

Active stewardship: building trust through integrity

Harriet Parker explains why engagement is key to driving positive change at companies as well as dealing with controversies. Read more
Jen Causton

Sector review: A positive case for the UK

While global stock markets hit record highs in 2020, the FTSE 100 Index suffered a 14% decline. Jen Causton explains why the Liontrust Multi-Asset team see the UK as a strong bounceback candidate this year and which funds they favour to benefit from this. Read more
Donald Phillips

Why high yield bonds are an evergreen asset

Despite recent rises, government bonds still offer historically low yields. Donald Phillips explains how high yield bonds can provide extra income and ways in which investors can seek to minimise default risk. Read more
Thomas Smith

Russia: generating growth drivers beyond energy

The Russian economy has weathered the pandemic better than many other countries and is making good progress in its vaccination drive. Thomas Smith highlights how investors can benefit from the country’s stability and the broader growth across the economy, including the burgeoning technology sector. Read more
Peter Michaelis

Goodbye to an old friend – GW Pharma to leave Sustainable funds after 20 years

One of the longest held companies in the Sustainable Future funds is to exit the portfolios with the acquisition of GW Pharma completing in Q2. Peter Michaelis explains how this innovative healthcare business encapsulates what the team look for in sustainable companies. Read more

Liontrust Special Situations: A year of resilience

Anthony Cross & Julian Fosh

Anthony Cross and Julian Fosh were happy with how the majority of companies in Liontrust Special Situations fared during 2020 and this was reflected in the strong relative performance of the Fund in a turbulent year. In this article, the managers analyse the different phases of last year and what drove performance. Read more
Ruth Chambers

The Year of the Ox: Three themes for growth in China

As China has moved from the Year of the Rat to the Ox, the economy is growing at a similar rate to pre-Covid-19 and life has largely returned to normal in much of the country. Ruth Chambers highlights three areas that can drive growth for China over the year ahead. Read more
John Husselbee

Stonks, GameStop and Robinhood – a brave new world of investing?

With a struggling video game retailer at the vanguard of major changes to the investment industry, John Husselbee examines what the GameStop revolution could mean for the future of financial markets. Read more
Alex Wedge

Six small cap stocks investing in growth for 2021

Companies used stock market listings to access capital for emergencies or to fund acquisitions and investments for growth in 2020. Fund manager Alex Wedge highlights six small and micro cap stocks whose 2021 prospects have been boosted by significant recent investment. Read more
David Roberts

In a world of negative interest rates, can bond investors still expect positive returns?

Global bond yields have been falling for decades, so much so that G7 bonds would now provide you with a negative real return. David Roberts explains how taking a flexible approach to current bond markets can take advantage of the investment opportunities available. Read more
John Husselbee

How to find real yield in 2021

With ongoing concerns about equity dividends and worsening conditions for bonds, John Husselbee presses the case for real assets as a source of income. Read more
David Roberts

Are we wasting energy by looking for eurozone inflation?

With the recovery in energy prices set to feed through to higher inflation, David Roberts asks whether the ECB will drop any of its ultra-loose monetary policies. Read more

US equities in 2021 – Biden bounce or priced-to-perfection growth stocks and impeachment?

Liontrust Multi-Asset team

In this article, we ask whether the US can create fresh highs under the new President and highlight US funds held by the team. Read more
John Husselbee

Tactical Asset Allocation update: Q4 2020

John Husselbee explains the Multi-Asset team’s current TAA and how this has been impacted by the 4th quarter of 2020, along with an update on their view on Bitcoin. Read more
Donald Phillips

High yield should remain on the radar for 2021

Donald Phillips of the Liontrust Global Fixed Income team says a 4% to 5% base case for high yield bond returns in 2021 stacks up well against other asset classes, with the benefits of non-negotiable interest payments and the team seeking to limit default risk. Read more

Reasons to be Cheerful in 2021

Samantha Gleave, Victoria Stevens, Phil Milburn, Robin Geffen, Storm Uru and the Multi-Asset team

While 2020 was a year that no one will forget, mainly for the wrong reasons, there is cause for optimism in 2021. Liontrust fund managers highlight investment ideas that give them reasons to be cheerful for the year ahead. Read more

Why own bonds in 2021?

Liontrust Global Fixed Income Team

Investors are facing three challenges when investing in bond markets at the moment – in aggregate they look expensive, there is a lack of yield and they have higher interest rate risk. The Liontrust Global Fixed Income team explains why there are still opportunities to take advantage of market inefficiencies and generate relatively attractive levels of income. Read more
John Husselbee

2020: Words of this unprecedented year

John Husselbee tracks the linguistic developments of a year that made the world all too aware of the difference between an epidemic and a pandemic and looks ahead to 2021. Read more
Storm Uru

Where can income investors go for dividend growth?

Despite a bleak outlook for income investors, Storm Uru explains that over the next decade income investing will not be about chasing yield but buying an increasing number of companies that are well-positioned to drive dividend growth for investors. Read more
Peter Michaelis

Ongoing evolution of our Sustainable Investment themes

The Sustainable Investment team have added a new leisure theme and updated three others as part of their annual review. Peter Michaelis explains the reasoning behind and opportunities for these themes. Read more
Martyn Jones

Encouraging sustainable leisure – introducing our new theme

With leisure activities seen as a fundamental human need and increasingly important for a healthier future, Martyn Jones introduces the Sustainable Investment team’s newest theme and some of the stocks exposed to it. Read more
Samantha Gleave

Avoiding the crowds

Taking a contrarian investment view may seem like an added risk after all the uncertainty this year but Samantha Gleave explains why investors should consider avoiding the crowds. Read more
David Roberts

12 Myths of Bondmas

There are many misconceptions about the bond market and the forces that drive it. In this article, Global Fixed Income team fund manager David Roberts tackles 12 of the biggest current myths of investing in bonds. Read more