Liontrust has restated its commitment to expanding in Europe after its GF Pan-European Dynamic portfolio attracted €150m from several European investors in its first three months.
The UK-based asset manager said the daily dealing, Ireland-domiciled UCITS fund was launched at the end of February in response to client demand and with co-managers James Inglis-Jones and Samantha Gleave (pictured) having delivered a long track record in managing pan-European equity strategies for segregated accounts.
“We want to thank our clients for the confidence they have shown in our new GF Pan-European Dynamic fund,” said Liontrust CEO John Ions. “Raising more than €150m is a great achievement and testament to the outstanding performance record of James and Samantha’s Pan-European equity strategy and to their distinct investment process.
“We are committed to expanding our fund offering across Europe and enhancing our support to clients in each country through developing our physical presence. Jeremy Roberts joined us in March as head of global distribution ex-UK to drive this growth and client service.”
Future profitability
The fund’s investment process is based on the idea that cashflow is the most reliable guide to future profitability and stock-price valuation. “Samantha and I therefore look to invest in companies that have strong cashflows and/or are attractively valued on cashflow and run by company managers committed to an intelligent use of their cashflow,” said Inglis-Jones. “Investments are based on a detailed analysis of company report and accounts.
“Europe was one of the best-performing equity markets in 2023 and the outlook for 2024 appears equally positive. A combination of a technical uptrend, reasonable valuations and a lack of widespread evidence of corporate mal-investment provides a supportive backdrop.”
