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Liontrust Macro Equity Income Fund - manager departure

Heather Ferguson | Tue 30 August 2016

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Jan Luthman is to step down as co-manager of the Liontrust Macro Equity Income Fund and leave Liontrust with immediate effect. He managed the fund since its inception in October 2003 alongside co-manager Stephen Bailey. Stephen Bailey will continue to manage the fund with the support of Jamie Clark, who has been involved with the team since the fund’s launch.

The Liontrust Macro Equity Income Fund was removed from the Wealth 150 list of our favourite funds in September 2014. The fund's ongoing charges are relatively high at 0.88%, compared with an average of 0.71% for UK Equity Income funds on the Wealth 150. This is in addition to the Vantage charge of up to 0.45% per annum. While we feel the managers have the potential to produce good returns for investors over the long term, we hold other managers in equal or higher regard, while their funds also have lower management charges.

Our view

It is disappointing to lose Jan Luthman and his 30 years’ of experience. His views on the wider economic, political, and social environment shaped where the fund was invested and added considerable value for investors over the long term. We will meet Jamie Clark and Stephen Bailey in the next week for an update on the fund and will update investors with our views. Our favoured equity income funds can be found on the Wealth 150+ list.

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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