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Liontrust Income to switch to Global Equity Income sector


Liontrust Asset Management plans to broaden the mandate of its £306m Income fund in a move which will see the portfolio switch from the IMA UK Equity Income sector to the IMA Global Equity Income peer group.

The Income fund, which is managed by Gary West, James Inglis-Jones and Samantha Gleave, will be able to invest globally from 3 July to allow it to benefit from greater diversification of stocks and sectors.

Liontrust says the move will allow the fund to find stocks with better return potential over the medium to long term.

Inglis-Jones says: “It has been our experience that the wider the universe of stocks we can select from, the greater the potential of the investment process to deliver strong returns.”

The asset manager says the move will not result in changes to the fund’s expected dividend yield and risk profile, while the portfolio is anticipated to remain at a similar concentration to its current 26 stocks.

Chelsea Financial Services managing director Darius McDermott says: “This is potentially good for investors as most already have too much UK equity income exposure.”

Liontrust Income’s cumulative performance to 3 April 2013

Liontrust Income’s cumulative performance to 3 April 2013
Fund 4.02% 12.63% 22.14% 40.34% 24.55%
5.43% 13.83% 20.71% 39.41% 31.97%
-1.34% -1.05% 1.18% 0.67% -5.62%
  81 / 99 66 / 98 33 / 98 43 / 89 53 / 75
4 3 2 2 3

Source: FE Analytics


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