The two ranges of target risk funds (Blended and Dynamic Passive) that are designed to target the outcome expected by investors in terms of their level of risk, as measured by volatility, and maximise the return for each fund within the appropriate risk band while MA Explorer aims to maximise capital growth and/or income over the long term.
Meet the team
Before joining Liontrust in 2022, David was an Investment Manager at 4 Shires Asset management where he looked after private client portfolios. David has an MSc in Finance, the Investment Management Certificate (IMC), the Private Client Investment Advice & Management qualification (PCIAM) and is a CFA Level II candidate. Outside of the office, he enjoys skiing, travelling, and is an avid golfer.
Read moreOur investment process
The Liontrust Multi-Asset investment process is based on a number of core beliefs. These beliefs have been accumulated over the long combined careers of the Liontrust Muti-Asset team and have developed over many years. The Liontrust Multi-Asset team believes that:
- Investment markets are inefficient
- Some are less efficient than others
- Sentiment can cause market prices to move away from their fundamental value over the short term
- Over the long term, markets tend to revert towards levels justified by their fundamentals
- Active management of asset allocation can add value through exploiting mispricing and their subsequent return to normal
- We believe that equity markets remain the key driver of long term real returns
- But we acknowledge that the volatility of the equity market is not suitable for all investors
- Within equity markets, factors such as value, growth, quality and size have inherent tailwinds due to either behavioural or market structure inefficiencies
- Each of these factors in isolation can be volatile but a combination of these factors should outperform the broader index over time
- We believe that, with time horizon and budget allowing, active management will, on average, outperform passive exposures
- Exceptions to this are deep, liquid and efficient markets such as government bonds and indices with low cross sectional volatility or high concentration
- Asset allocation is the means by which we combine complementary asset classes together to create a risk and return profile that is appropriate for different investor cohorts
- We believe that an appropriate time horizon is essential and as a result, a long term, disciplined, robust and repeatable process will give investors the best chance of long-term outperformance
Download the process document to read more.
Funds managed by the team
Funds managed by the team
MPS Portfolios managed by the team
A broad range of 22 target risk model portfolios designed to meet most investors' risk and return objectives. They are designed for clients of financial advisers and are available on most major platforms.
MPS Portfolios managed by the team
WSS Portfolios managed by the team
A white label service for financial advisers, offering a broad range of 26 target risk portfolios and a partnership between Liontrust, advisers and their clients, including dedicated sales, marketing and operational support.