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Liontrust announces two fund mergers

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Liontrust is to merge its UK Mid Cap and UK Opportunities funds with the Liontrust UK Growth fund. Mark Martin, who previously managed the former two funds, has left the business with immediate effect. Existing investors in the Liontrust UK Growth Fund are unaffected by the change.

Investors in Liontrust UK Mid Cap or Liontrust UK Opportunities should check that the Liontrust UK Growth Fund is suitable for their circumstances and attitude to risk. If at all unsure seek personal advice.

Why is the transfer happening?

Liontrust acquired the UK Mid Cap and UK Opportunities funds following its takeover of rival Neptune in October 2019. Some fund consolidation was to be expected.

Both funds have been through a tough period of performance in recent years, and their size has remained relatively small. The decision was therefore taken to merge them into the larger Liontrust UK Growth Fund, part of the successful Economic Advantage franchise.

A bit more about the Liontrust UK Growth Fund

The Liontrust UK Growth Fund is run using the managers' trademark 'Economic Advantage' approach. They invest in UK companies with an edge over the competition that is hard to replicate, such as intellectual property (like patents and trademarks), strong distribution channels and significant repeat business.

The fund launched in March 1993 but Cross and Fosh took control and started applying the Economic Advantage investment process in March 2009. Since then, the fund's turned an investment of £10,000 into £36,438*. The broader UK stock market's returned £24,992* over the same time period, although past performance is not a guide to the future.

Our analysis suggests returns were boosted by the managers' ability to invest in companies with outstanding prospects, regardless of their size or what sector they're in. Remember the value of investments will fall as well as rise, so you could get back less than you invest. Liontrust intend to continue to run the UK Growth fund in line with the established process and philosophy.

Liontrust UK Growth currently has an investment in Hargreaves Lansdown Plc shares.

We recently added the Liontrust UK Growth fund to the Wealth Shortlist of funds chosen by our analysts for their long-term performance potential.

Annual percentage growth
Jul 14 -
Jul 15
Jul 15 -
Jul 16
Jul 16 -
Jul 17
Jul 17 -
Jul 18
Jul 18 -
Jul 20
Liontrust UK Growth 13.9% 12.5% 12.8% 4.0% -12.0%
Liontrust UK Opportunities -1.3% 16.1% -0.4% -5.4% -17.7%
FTSE All-Share 3.8% 14.9% 9.2% 1.3% -17.8%
Liontrust UK Mid Cap -0.6% 15.1% -2.9% -12.8% -17.5%
FTSE 250 (excluding Investment Trusts) -0.8% 17.2% 8.4% -5.0% -15.1%

Past performance is not a guide to the future. Source: *Lipper IM to 31/07/2020


More on this Liontrust UK Growth, including charges

Liontrust UK Growth Key Investor Information


More on Liontrust UK Opportunities, including charges

Liontrust UK Opportunities Key Investor Information


More on Liontrust UK Mid Cap, including charges

Liontrust UK Mid Cap Key Investor Information


Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

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