Fund manager


Neil Brown

Bullish predictions on electric cars too conservative

Valeo has predicted this week that electric vehicles will comprise 10% of car sales by 2025. While this would represent major growth from the current 1%, Liontrust’s Neil Brown believes this estimate could ultimately prove to be conservative. Read more
Stephen Bailey

How we are plugging into the Battery Revolution

Stephen Bailey, manager of the Macro Equity Income Fund, draws some lessons from history as he highlights the best spot on the electric vehicle supply chain for investors to target. Read more
Aitken Ross

Where is the value in bond markets as rates rise?

With predictions of the end of the bond bull market and interest rates expected to continue to move upwards, Aitken Ross highlights where the Liontrust Sustainable Investment Fixed Income team see opportunities in what may be a tougher environment. Read more
Phil Milburn

Securitisations, alignment of interests and a recent DC Court ruling on CLO risk retention

Now if that catchy title does not tickle your fancy then you are still a functioning human and have not descended fully into the world of being a bond geek! However, the ruling does have some small ramifications for the US high yield bond market and is a sign of the retrenchment in regulation we are witnessing in the US. Read more
David Roberts

They think it’s all over, it isn’t yet

Following the yield curve flattening aggressively in January 2018, we have seen a “bear-steepener”: all bonds falling in price and longer dated ones suffering more. David Roberts explains what this might mean for investors. Read more
Mark Williams

Will the Year of the Dog be investors' best friend?

Today marks the start of the Chinese Spring Festival, ushering in the Year of the Dog. Mark Williams, co-manager of the Liontrust Asia Income Fund, examines whether the Chinese economy and equities will be in the global doghouse or leader of the pack. Read more
David Roberts

Finding relative value in bonds (or what to do when the world is against you)

Investors may believe the general level of prices in fixed income markets look a bit steep but David Roberts highlights three of the “macro” imbalances that he believes they can currently benefit from exploiting. Read more
Mark Williams

Why Korea is on the podium for our Fund’s exposure

At 10%, the Liontrust Asia Income Fund’s weighting to South Korea is the highest since it was launched in 2012. While the world’s attention is focused on the Winter Olympics and thawing relations between the two Koreas, Mark Williams explains how the improving corporate culture in the South is creating opportunities for income investors. Read more
Stuart Steven

Two themes for 2018 – steeper yields and avoiding expensive CoCos

Fixed income investors face two key themes this year. First, how to navigate rising interest rates and a steepening yield curve and, second, whether investors are being compensated for the risk of investing in CoCos. Stuart Steven, Head of the Sustainable Fixed Income team at Liontrust, explains the implications for investors. Read more
Jamie Clark

Ready for rising rates

In view of January’s leg higher in government bond yields, now seems like a good time to revisit our views on what we see as a fundamental shift in financial conditions. Read more
John Husselbee

Thoughts on a long-awaited correction

The stock market falls of the past few days appear to be driven by fear of rising inflation and interest rates. John Husselbee provides his thoughts on the long-awaited correction. Read more
David Roberts

Why markets have been pitched a curveball

The market falls of the past few days have been sparked by the worry that US interest rates will rise faster than expected. David Roberts, Head of Global Fixed Income at Liontrust, argues that the shape of the yield curve is in fact a superior forecaster and explains what it is telling us about the outlook for the economy. Read more

2018: what should investors expect this year?

Anthony Cross, Carolyn Chan, Neil Brown, John Husselbee, Olly Russ, Samantha Gleave & Stephen Bailey

In this short video, Liontrust fund managers discuss the potential opportunities, biggest risks and which events to look out for this year. Read more

Reasons to be cheerful in 2018

John Husselbee, Olly Russ, Jamie Clark, Mark Williams, Anthony Cross, Peter Michaelis & James Inglis-Jones

Stock markets reached record highs in 2017 as the second longest bull market in history continued. This strong equity performance was generated in spite of another year of global political uncertainty and rises in interest rates in the US and the UK. Can this positive environment for stock markets continue? Liontrust fund managers highlight data, trends and analysis that provide reason for investor optimism in 2018. Read more
Neil Brown

Driving to a safer future

Government figures show that more than 27,000 people were killed or seriously injured on UK roads over the 12 months to the end of June 2017, with more than 176,000 incidents in total. Read more
Martyn Jones

Learning the value of education

Education plays a part in four of the UN’s Sustainable Development Goals and benefits countries financially, with every $1 invested yielding $10 in economic returns. Martyn Jones of the Liontrust Sustainable Investment team explains how investors may also benefit from the expected growth in spending on education around the world. Read more
Martyn Jones

Healthy investing

Martyn Jones explains how companies can help people achieve a better lifestyle through healthier eating and physical activity, while also potentially benefitting financially. Read more
John Husselbee

2017 in review – and a glance towards 2018

As many predicted, the twin forces of Brexit and Donald Trump have dominated headlines in a year of elections, nuclear sabre rattling and, for the most part, rising markets. John Husselbee looks back at the key events of 2017 and forward to next year – with more Trump, more Brexit and a side order of policy normalisation to keep things exciting. Read more
Chris Foster

Banking on returns

Chris Foster describes how banks can drive shareholder returns by being a powerful force for good for their customers. Read more
Stephen Bailey

Housebuilders’ prospects remain underpinned

Housebuilders’ share prices suffered last week when the Chancellor announced a review into ‘land banking’ in the Budget. Stephen Bailey explains why he thinks there has been an overreaction to news of the review and why housebuilders’ prospects are underpinned by the continued imbalance of supply and demand in the housing market. Read more
John Husselbee

Winning by not losing: parking the fund management bus

Defensive tactics in football often come under fire but can form the basis of a title-winning campaign. A key part of our investment approach is winning by not losing, meaning we focus as much on avoiding losses as we do on generating gains, and we believe this can help to produce long-term wealth creation. Read more
Mike Appleby

Lower CO2 emissions from Liontrust Sustainable Future Funds

Analysis shows the Liontrust Sustainable Future Funds continue to emit significantly less CO2 – on average emitting 65% less carbon dioxide from their operations than their benchmarks, as the illustration and chart show. Read more
Neil Brown

The investment opportunity in ‘Fossil Fuel Free’

Neil Brown discusses how Liontrust’s Sustainable Future Funds benefit from investing in businesses that are profiting from the ‘Fossil Free’ movement. Read more
Mark Williams

Shopping for Chinese consumer stocks

Last Saturday's Singles Day, the Chinese equivalent of Black Friday, generated more than $25bn in sales for Alibaba alone. Mark Williams explains how consumption growth in Asia is leading to investment opportunities for the Liontrust Asia Income Fund. Read more
Olly Russ

Are the stars aligning for European equities?

Olly Russ explains why the earnings dynamic in Europe has changed and why he is optimistic about the political and economic outlook for the continent. Read more
Neil Brown

Road to prosperity

The United Nations has targets to halve the number of deaths and injuries from road traffic accidents by 2020. This is not only the right thing to do but is also profitable for those companies that can develop the technologies that will deliver this target. Read more
John Husselbee

Is it worth waiting for a correction?

Last week’s first interest rate rise in the UK for 10 years was widely trumpeted as a boon for savers, with deposit rates having been pinned close to zero since 2009. Read more
Mike Appleby

How the Sustainable Future funds are aligned with the Sustainable Development Goals

We have been asked by clients to show how the companies we invest in for our Sustainable Future range of funds are aligned with the United Nations’ Sustainable Development Goals (SDG). Read more
Peter Michaelis

The investment case for “doing good”

Sustainable investment is not only for investors who want their investments to “do good” and benefit society. We believe there is also a compelling investment case for all investors taking this approach. This is because long-term transformative developments, such as technological and medical advancements, not only have positive impacts on society, they have the potential to deliver attractive returns for investors as well. Read more

Liontrust’s Ghoulish Gallery

Matt Tonge, Mike Appleby, Stephen Bailey, Olly Russ, John Husselbee, Mark Williams & James Inglis-Jones

Our fund managers highlight the charts, stats and facts with the potential to spook investors this Halloween and explain how their portfolios are positioned to withstand them. Read more
Mike Appleby

Sustainable business

Sustainable investment offers business opportunities to advisers because we believe that interest in and demand for this area will only continue to grow. Read more
Peter Michaelis

Investing for tomorrow, today

Sustainability is an increasingly important theme for today’s consumers, who want what they wear, eat and even drive to both benefit themselves and have a positive impact on the world around them. Sustainable investment also has the potential to have positive impacts on society and to deliver attractive returns for investors as well. Read more
Peter Michaelis

The PRI 12 years on

'We must work to make companies do more to respect human rights; to allow collective bargaining; we must develop ways to reduce inequality, to curtail CEO pay; we must accelerate decarbonisation; rein in the tech giants and ensure we achieve the Sustainable Development goals.' Read more
Jamie Clark

How we are playing the interest rate inflexion

Jamie Clark highlights three Macro-Themes which he believes are set to benefit from higher UK interest rates. Read more
Olly Russ

Banking on European growth

Nordea’s decision to relocate from Sweden to Finland has two important implications for investors in the sector: first, banks are once again welcomed by governments following their post-crisis fall from grace; secondly, and consequently, the Europe-wide trend for higher tax and capital requirements may have finally met effective resistance from bank management. Read more
Jamie Clark

Job gains mean higher rates are coming

Guess what? Interest rates can go up, as well as down. This was the strikingly clear and somewhat obvious import from the text accompanying the Bank of England’s unchanged rate decision yesterday. Read more
Samantha Gleave

What does the BoE’s rate hint mean for stock pickers?

“…monetary policy could need to be tightened by a somewhat greater extent over the forecast period than current market expectations.” Monetary Policy Committee Decision, 14 September 2017. Read more
Matt Tonge

3 success stories and 3 to watch

18 months on from the Fund’s launch, co-manager Matt Tonge takes a look at three ‘success stories’ which have already graduated from the micro cap space and highlights three ‘ones to watch’ from the companies the team has bought so far this year. Read more
Mark Williams

Is China’s debt “dangerous”?

Headlines can be misleading, as proved by last week’s IMF report on China. “IMF warns China over ‘dangerous levels of debt’’’ reported the FT, quoting the IMF statement that “international experience suggests that China’s current credit trajectory is dangerous with increasing risks of a disruptive adjustment”. Read more
John Husselbee

The best of times, the worst of times

We are living through a time of historic contradictions: political turbulence and yet market highs and low market volatility. John Husselbee analyses four potential triggers that might lead to market falls in the second half of the year. Read more
Mark Williams

Three reasons to be cautious on Australia

The Liontrust Asia Income Fund has had relatively little exposure to Australia since its launch, which to date has been a positive for the portfolio. Here we look at three of the main reasons for our cautious stance. Read more
Jamie Clark

Is the FDA stubbing out tobacco stocks?

At the end of July the tobacco industry was dealt another blow, this time by the US Food and Drug Administration, which committed to cutting nicotine levels in a bid to reduce addiction to cigarettes. This intervention reinforces why we have long-avoided tobacco stocks within our Macro Equity Income and Macro UK Growth funds. Read more
Stephen Bailey

Why we cut our AstraZeneca holding

Stephen Bailey comments on pharmaceuticals giant AstraZeneca following news that the “Mystic” study - its flagship research into lung cancer treatment - has failed. Read more
Olly Russ

Sea of opportunity in Europe has tide turning for earnings

Liontrust’s European Income fund managers Olly Russ and Oisin O’Leary speak with Citywire about the good news stories they’re finding in Europe. Read more
Neil Brown

Why we look for businesses which don’t rely on regulation

Neil Brown, co-manager on the Liontrust Sustainable Investment team, speaks to CNBC’s Squawk Box. Read more
John Husselbee

Living in a low-volatility world

Volatility – or the current lack of it – is a hot topic in investment circles, with the so-called Fear index in the US (known as the Vix) sitting at all-time lows. Read more
Mark Williams

Seoul searching – why we have increased our Korea exposure

Last week I returned from spending four days in Seoul. There I had met the management teams of 19 companies, all of whom paid out dividends, with yields averaging almost 3%. Read more
Julian Fosh

Reports of Quality’s death are greatly exaggerated

Over the last year or so, there has been a growing investment debate over the prospects for ‘quality’ and ‘value’ investment styles. The concern for some is that shares in high-quality companies have performed very well, and could be vulnerable to a correction relative to ‘value’ stocks. Read more

The Asian Financial Crisis: 20 years on

Mark Williams & Carolyn Chan

In the summer of 1997, the devaluation of the Thai Baht marked the beginning of the Asian Financial Crisis. Loss of investor confidence in the region led to further capital flight, with net private capital inflows drying up from US$110bn in 1996 to net outflows of US$11bn for the crisis-hit countries. Read more
Olly Russ

The return of confidence in Europe

This weekend we saw the Italian government bail out two failing banks (Veneto Banca and Banca Popolare di Vicenza) in an arrangement which could cost the taxpayer €17bn, while handing off the ‘good assets’ to Intesa Sanpaolo. Read more