Liontrust GF UK Growth Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Economic Advantage

GF UK Growth Fund

Anthony Cross & Julian Fosh

The Fund

The Fund has been managed since launch in September 2014 by Anthony Cross and Julian Fosh and predominantly invests in UK large and mid-cap stocks using the Economic Advantage investment process. The process seeks to identify companies with a durable competitive advantage that allows companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. This can lead to sector exposures being significantly different from those of the market and many of the Fund’s sector peers. 

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The Economic Advantage team

The Economic Advantage team

Anthony Cross (left) has managed the Liontrust Special Situations and UK Smaller Companies Funds since launch and he started working with Julian Fosh (right) at Liontrust in 2008. Julian has previously managed money at Scottish Amicable Investment Managers, Britannic Investment Managers, Scottish Friendly Assurance Society and Saracen Fund Managers.

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The Economic Advantage Process

The process seeks to identify companies that possess intangible assets which produce barriers to competition and provide a durable competitive advantage that allows the companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. In the fund managers’ experience, the hardest characteristics for competitors to replicate are three classes of intangible asset: intellectual property, strong distribution channels and significant recurring business.

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Success stories in the UK micro cap space

Victoria Stevens

Since its launch 5 years ago, a number of stocks... Read more


Awards and ratings

FE Alpha Manager 2018 - Anthony Cross
Anthony Cross
FE Alpha Manager 2020
FE Alpha Manager 2018 - Julian Fosh
Julian Fosh
FE Alpha Manager 2020
FE Fundinfo Alpha Manager of the year 2020
FEfundinfo AM Awards 2020
Alpha Managers of the Year
Anthony Cross & Julian Fosh

Latest fund update

GF UK Growth Fund

Read the latest update for the Liontrust GF UK Growth Fund. Read more


Citywire - Fund Manager rated AA
Anthony Cross & Julian Fosh
Citywire Manager rating: AA
FE Fundinfo Best Alpha Manager, UK Equities
FEfundinfo AM Awards 2020
UK Equities Managers of the Year
Anthony Cross & Julian Fosh


Discrete performance

30-06-2020 -
30-06-2019 -
30-06-2018 -
30-06-2017 -
30-06-2016 -
Liontrust GF UK Growth 17.16% -9.39% 2.66% 10.75% 18.94%
Equity - UK 25.73% -12.60% -2.75% 6.58% 19.05%
FTSE All Share 21.46% -12.99% 0.57% 9.02% 18.12%
Liontrust GF UK Growth
Equity - UK
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust GF UK Growth 12.97% 19.80% 10.94% 38.52% N/A 65.69%
Equity - UK 14.14% 30.29% 7.97% 30.52% N/A 38.24%
FTSE All Share 13.26% 25.72% 6.64% 33.07% N/A 41.32%
To previous working day
Liontrust GF UK Growth
Equity - UK
FTSE All Share

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. Some of the Funds managed by the Economic Advantage team invest primarily in smaller companies and companies traded on the Alternative Investment Market.  These stocks may be less liquid and the price swings greater than those in, for example, larger companies. The performance of the  GF UK Growth Fund may differ from the performance of the  UK Growth Fund and will be lower than its corresponding Master Fund due to additional fees and expenses.


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. The GF UK Growth Fund C1 was launched on 03.09.14 and therefore discrete data is not available for more than two 12 month periods. 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. Returns are in local currency.

© 2021 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 date9/2/2014
  • SectorEquity - UK
  • Fund size£51,779,316.51
  • Number of holdings47
Fund size, number of holdings and active share data is as at previous month end. Performance data is as at previous working day.

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

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