The £395m Liontrust European Growth fund is to change its name to the Liontrust European Dynamic fund, with effect from 11 July 2022.
The change is to “better reflect the way in which the fund is managed”, the FTSE 250 fund group said.
The fund is managed by the cashflow solution team co-heads James Inglis-Jones and Samantha Gleave (pictured), with Gleave newly promoted to the role.
The rebranded, but fundamentally unchanged, Liontrust European Dynamic fund aims to deliver capital growth over the long term (five years or more), by identifying European companies that generate significantly more cash than required to sustain their planned growth yet are lowly valued by investors on that measure.
Gleave said: “The fund’s investment process allows it to invest in both growth and value stocks, dynamically switching between the two depending on the prevailing market environment. Therefore, the name Liontrust European Dynamic fund has been chosen to better reflect the team’s ability to switch between these investment styles.”
Recently, the team has invested in Ipsen and Roche, describing the healthcare sector stocks as “offering cheap defensive quality characteristics”.
It has also invested in aerospace and defence firm Dassault Aviation, which has “good momentum and cheap quality characteristics”, the team added.
The fund has lost 10% over one year, while its benchmark, the IA Europe Excluding UK, was down 13.8% over the same period.
Over three years it has delivered a healthy 32.3%, while its benchmark only managed 6.3%.
