Liontrust GF European Strategic Equity Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Cashflow Solution

GF European Strategic Equity Fund

James Inglis-Jones & Samantha Gleave

The Fund

The Fund has been managed since launch in April 2014 by James Inglis-Jones and Samantha Gleave. The fund managers seek to deliver a positive absolute return over the long term by taking long and short positions, primarily in European companies. The Fund buys companies that can generate strong cash returns from their capital and appear cheap on these cash flows and shorts companies that are both expensive and struggling to generate cash.

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The Cashflow Solution team

Liontrust Cashflow Solution team
The Cashflow Solution Team

James Inglis-Jones (left) and Samantha Gleave (right) first worked together in 1998. James has previously managed money at Fleming Investment Management, JP Morgan Fleming and Polar Capital while Samantha formerly worked at Sutherlands Limited, Fleming Investment Management, Credit Suisse First Boston and Bank of America Merrill Lynch.

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The Cashflow Solution Process

The process is based on the belief the most important determinant of shareholder returns is company cash flows. The fund managers invest in companies that generate strong cash returns from their capital, appear cheap on those cash flows and are run by managers committed to an intelligent use of capital. They sell short stocks that are expensive, are struggling to generate any cash and are run by management investing heavily for future growth.

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Where we see an opportunity in today’s market

James Inglis-Jones

The proprietary market indicators used by the Cashflow Solution team suggests value stocks in aggregate look exceptionally cheap relative to history. James... Read more

Latest fund update

GF European Strategic Equity Fund

Read the latest update for the Liontrust GF European Strategic Equity Fund.

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Morningstar Sustainability rated 4
Liontrust GF European Strategic Equity Fund
Morningstar Sustainability Rating: 4


Discrete performance

30-06-2019 -
30-06-2018 -
30-06-2017 -
30-06-2016 -
30-06-2015 -
Liontrust GF European Strategic Equity -15.51% 2.53% 3.02% 5.26% 2.87%
Hedge/Stru Prod - Equity -0.92% -2.66% 3.39% 4.24% -4.31%
MSCI Europe -5.24% 4.94% 4.96% 20.91% -5.27%
Liontrust GF European Strategic Equity
Hedge/Stru Prod - Equity
MSCI Europe
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust GF European Strategic Equity -23.65% -15.17% -11.62% -8.10% N/A 5.65%
Hedge/Stru Prod - Equity -1.04% 0.00% 0.04% 0.12% N/A 7.36%
MSCI Europe -11.04% -7.21% 2.25% 12.86% N/A 30.47%
To previous working day
Liontrust GF European Strategic Equity
Hedge/Stru Prod - Equity
MSCI Europe

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 Cashflow Solution team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Liontrust European Growth Fund holds a concentrated portfolio of stocks, if the price of one of these stocks should move significantly, this may have a notable effect on the value of the respective portfolio. The Liontrust Global Income Fund's expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation.


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.

This share class is hedged so investors do not benefit from or are disadvantaged from any movement in the value of the base currency of the fund against investible currencies. In contrast, if applicable, the index returns are in local currency and the average returns of the sector are in sterling.

Source: Financial Express. Total return. Discrete performance data is not available for five full 12 month periods due to the launch date of the portfolio. Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd ('Citywire'), may not be copied and Citywire excludes any liability arising out of its use.

© 2020 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.


Key fund information

  • Launch date2/15/2012
  • IA sectorHedge/Stru Prod - Equity
  • Fund size€45,922,400.00
  • Number of holdings133
Fund size and number of holdings data is as at previous month end. Performance data is as at previous working day.
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