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Liontrust European Growth Fund to be renamed Liontrust European Dynamic Fund

The Liontrust European Growth Fund, managed by the Cashflow Solution Team of James Inglis-Jones and Samantha Gleave, is to change its name to the Liontrust European Dynamic Fund, effective from 11 July 2022. This change of name is to better reflect the way in which the Fund is managed. 

Launched in 2006, the £395m Fund aims to deliver capital growth over the long term (five years or more), applying the Cashflow Solution process to identify European companies that generate significantly more cash than required to sustain their planned growth yet are lowly valued by investors on that measure.

Samantha Gleave, Co-Head of the Cashflow Solution Team, commented, “The Fund’s investment process allows it to invest in both growth and value stocks, dynamically switching between the two depending on the prevailing market environment. Therefore, the name Liontrust European Dynamic Fund has been chosen to better reflect the Team’s ability to switch between these investment styles.”

There will be no change to the way the Fund is managed.

To the end of June 2022, the Fund was top quartile over one, three, five and 10 years and since launch in 2006 (Source: Financial Express, as at 30.06.22, total return, bid-to-bid, net of fees, income reinvested).

The Team has recently found selective opportunities to invest in inexpensive quality or defensive stocks. A key market development guiding the managers towards this more defensive strategy has been the surge in corporate optimism (as measured by companies’ investment of cash flows in operating assets), which the Team sees as a contrarian market indicator.

Recently, the Team has invested in Ipsen and Roche, healthcare sector stocks offering cheap defensive quality characteristics, and Dassault Aviation, the aerospace & defence stock with good momentum and cheap quality characteristics.

Samantha Gleave becomes Co-Head of the Cashflow Solution Team

Samantha Gleave, who joined Liontrust in 2012, has been appointed to Co-Head of the Cashflow Solution Team. Previously Co-Manager across all funds managed by the Team – Liontrust European Dynamic, Liontrust GF European Smaller Companies and Liontrust GF European Strategic Equity – she works alongside James Inglis-Jones, who formed the Team on joining Liontrust in March 2006.

 

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