Liontrust Macro Equity Income Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Macro

Macro Equity Income Fund

Stephen Bailey & Jamie Clark

The Fund

The Fund has been managed since launch in October 2003 by Stephen Bailey, and he was joined by Jamie Clark in 2007. The aim of the Fund is to deliver a high level of income with the potential for capital growth over the long term (5 years or more) by investing at least 80% of the portfolio in companies incorporated, domiciled, listed or which conduct significant business in the United Kingdom (UK). The Fund seeks to deliver a net yield of at least 110% of the net yield of the FTSE All-Share Index each year. The managers believe the identification and interpretation of major economic, political and social developments offer scope to add long-term investment value. Their conviction is shown by the fact they may have 0% weightings in major sectors.

Download literature

The Macro-Thematic team

The Macro-Thematic team

Stephen Bailey (left) and Jamie Clark (right) manage the Liontrust Macro-Thematic Process. Stephen started his career in the mid-1980s and joined Walker Crips in 1987 as investment director. Jamie joined Walker Crips in 2003 and prior to that was a Junior Proprietary Trader at First New York Securities. Jamie Clark became co-manager of the Macro funds in 2007.

Read more

The Macro-Thematic Process

The process is based on the analysis of economic, political, social and cultural developments to identify Macro-Themes. The fund managers define a Macro-Theme as an undiscounted, structural change in the process of realisation; and the related passage to theme-maturity, as the macro-trend. The fund managers believe this investment process equips them to locate unappreciated investment ideas and capture the full, long-term potential of each portfolio holding. There are four stages to the process: theme discovery; identification of theme-assisted and theme-impaired companies; bottom-up analysis of prospective investments; portfolio construction and management.

Read more

The distressed, the prudent and the mandated

Jamie Clark

The widespread dividend cuts in the UK over the past two months have fallen into three types. Jamie Clark analyses the distressed... Read more

Latest fund update

Macro Equity Income Fund

Read the latest update for the Liontrust Macro Equity Income Fund.
Read more

Performance*

Discrete performance

30-06-2019 -
30-06-2020
30-06-2018 -
30-06-2019
30-06-2017 -
30-06-2018
30-06-2016 -
30-06-2017
30-06-2015 -
30-06-2016
Liontrust Macro Equity Income -16.59% 3.38% 3.25% 17.81% -6.70%
IA UK Equity Income -13.58% -2.51% 6.04% 19.34% -1.82%
FTSE All Share -12.99% 0.57% 9.02% 18.12% 2.21%
Liontrust Macro Equity Income
IA UK Equity Income
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust Macro Equity Income -21.31% -19.64% -15.93% -7.00% 63.21% 212.38%
IA UK Equity Income -20.50% -17.14% -13.60% -0.11% 72.19% 159.43%
FTSE All Share -17.80% -17.76% -9.09% 8.45% 73.04% 179.41%
To previous working day
Liontrust Macro Equity Income
IA UK Equity Income
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. Investment in Funds managed by the Macro Thematic team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Fund’s expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. The performance of the Liontrust GF Macro Equity Income Fund may differ from the performance of the Liontrust Macro Equity Income Fund and is likely to be lower than its corresponding Master Fund due to additional fees and expenses.


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.

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.

Go

Key fund information

  • Launch date10/31/2003
  • IA sectorIA UK Equity Income
  • Fund size£65,901,800.00
  • Number of holdings49
  • Active Share63.48%

Fund size and number of holdings 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.

Back to top