Liontrust European Opportunities Fund | What we offer | Liontrust Asset Management PLC
Liontrust Global Equity Team

European Opportunities Fund

Thomas Smith

The Fund

A high conviction, actively managed Fund providing exposure to world-class companies based in Europe, excluding the UK. The Fund invests in a mix of companies that can be classified into one of the three silos of growth opportunities, attractive valuations, or ‘special situations’. Special situations can exist where companies are out of favour, misunderstood or where management changes or takeovers are expected. Thomas Smith identifies portfolio holdings using the Global Equity Team’s process, which is based on collaborative research, a culture of investing with conviction and three silo portfolio construction.  

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Thomas Smith
The Fund Manager - Thomas Smith

Thomas manages the Liontrust European Opportunities Fund and the Liontrust Latin America Fund, both of which he ran at Neptune Investment Management before moving to Liontrust in October 2019. He also leads the team’s research on the energy and utilities sectors. Thomas has a Master’s degree in Chemistry from the Oxford University.

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The Global Equity Process

The fund managers believe the key to generating long-term outperformance is through high conviction, long-term, research-led company selection. When combined with the team’s portfolio construction, this approach can drive returns that are largely uncorrelated to the successes and failures of popular investment styles such as growth (investing in growing companies) and value (holding relatively cheap companies).

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How 3D printing shoes has transformed the outlook for Nike

Storm Uru

In the first of a new series on tech disruptors from the Liontrust Global Equity Team, Storm Uru looks at sport... Read more

Latest fund update

European Opportunities Fund

Read the latest Fund update.

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Performance*

Discrete performance

30-09-2018 -
30-09-2019
30-09-2017 -
30-09-2018
30-09-2016 -
30-09-2017
30-09-2015 -
30-09-2016
30-09-2014 -
30-09-2015
Liontrust European Opportunities -10.80% -4.51% 45.77% 10.04% -1.35%
IA Europe Excluding UK 2.15% 1.89% 21.88% 18.40% 3.59%
MSCI Europe ex UK 5.91% 0.53% 20.41% 2.30% 2.42%
Liontrust European Opportunities
IA Europe Excluding UK
MSCI Europe ex UK
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust European Opportunities 0.06% 3.47% 3.91% 41.20% 72.17% 467.80%
IA Europe Excluding UK 2.72% 12.87% 26.27% 53.77% 112.68% 315.88%
MSCI Europe ex UK 8.06% 19.95% 27.23% 42.78% 103.05% 187.50%
To previous working day
Liontrust European Opportunities
IA Europe Excluding UK
MSCI Europe ex UK

Key Risks 


Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. Investment in funds managed by the Global Equity (GE) team may involve investment in smaller companies - these stocks may be less liquid and the price swings greater than those in, for example, larger companies. Investment in funds managed by the GE team may involve foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The team may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility. Some of the funds managed by the GE team hold a concentrated portfolio of stocks, meaning that if the price of one of these stocks should move significantly, this may have a notable effect on the value of that portfolio.

Disclaimer


The information and opinions provided should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Always research your own investments and (if you are not a professional or a financial adviser) consult suitability with a regulated financial adviser before investing. 

Source: Financial Express. Total return, bid-to-bid. This page is showing performance data and information for an income producing share class. Please go to our Interactive Fund Centre for performance data and information on the Fund’s other share classes.

© 2019 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Explore in detail

For more information (including prices) and to explore all of the Fund's share classes in more detail please visit our interactive fund centre.

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Key fund information

  • Launch date11/29/2002
  • IA sectorIA Europe Excluding UK
  • BenchmarkMSCI Europe ex UK
  • Fund size£150,400,947.10
  • Number of holdings45
  • Active Share75.87%
  • Historic yield2.21%

Fund size and number of holdings data is as at previous month end. Historic yield and performance data is as at previous working day.

Historic Yield: Reflects distributions declared over the past 12 months as a percentage of the mid-market unit price. It does not include any preliminary charge and investors may be subject to tax on their distributions.

Active Share: The fraction of a portfolio invested differently to its benchmark. A 100% active share is a portfolio with no holdings in the benchmark, a 0% active share is a portfolio identical to the benchmark.

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