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James Inglis-Jones

Gross exposure hits highest level since launch

The Liontrust GF European Strategic Equity Fund’s gross market exposure has been increased to a record level. James Inglis-Jones highlights the compelling investment conditions the long/short strategy is now calibrated to target. Read more
James Inglis-Jones

What does company optimism tell us about the outlook for markets?

James Inglis-Jones explains why rising company optimism is a reason for concern and how this, combined with steep valuations, bodes well for the short side of the Cashflow Solution investment process. Read more
James Inglis-Jones

Anatomy of a value rally: March 2020 – June 2021

James Inglis-Jones looks back at the rally in value stocks over the last year, explains why and how the Cashflow Solution investment process was able to benefit from this trend, and asks whether value outperformance has further to run. Read more
James Inglis-Jones

Where we see an opportunity in today’s market

The proprietary market indicators used by the Cashflow Solution team suggests value stocks in aggregate look exceptionally cheap relative to history. James Inglis-Jones explains why, what else the indicators are telling them and how their funds are positioned to exploit this. Read more
James Inglis-Jones

Should investors protect against further falls or position for a rebound?

James Inglis-Jones explains why a change in behaviour by businesses and investors in response to Covid-19 points to a more positive 12-month outlook for equity markets. Read more
James Inglis-Jones

Yield curve inversion – why we’re not worried, yet

Are bond markets predicting a recession and a negative environment for equities? James Inglis-Jones explains why proprietary measures of investor anxiety present a brighter outlook. Read more
James Inglis-Jones

Why we’ve raised our net exposure

The Liontrust GF European Strategic Equity Fund has almost doubled its market exposure from 35% to 67%. James Inglis-Jones and Samantha Gleave explain what has driven this change. Read more
James Inglis-Jones

Fragile market outlook no obstacle to investment conviction

The Cashflow Solution team has recently completed its annual forensic analysis of European companies’ reports and accounts, identifying ‘fragile market conditions’. With the European Central Bank recently announcing a withdrawal of its bond-buying stimulus later this year, this may seem a concerning state of affairs, but James explains why an uncertain backdrop isn’t necessarily a hindrance. Read more
James Inglis-Jones

Beware over-paying for forecast growth

We hold an upbeat assessment of the outlook for European equities this year but we are very cognisant of the need to limit exposure to some extreme valuations being afforded to stocks meeting certain investment characteristics. Read more
James Inglis-Jones

Lessons from 10 years at the helm of Liontrust European Growth

1. Define and thoroughly research an investment process before you start implementing it An investment process can’t simply be theoretical, it also needs to be backed up by historical analysis to demonstrate that it works. Read more