Liontrust duo boost asset manager exposure ahead of 'triple whammy'

Liontrust's Stephen Bailey and Jan Luthman have been upping their exposure to asset management firms ahead of an anticipated "triple positive whammy" for the sector in the years ahead.

The pair have turned bullish on the sector and boosted their position to overweight on the £93m Macro UK Growth and £278 Macro Equity Income funds, using proceeds from selling their tobacco exposure down to zero. "The reasoning behind this move developed from the improving economic outlook we saw in 2012, which will lead to improving corporate earnings," Luthman said. "In that environment, share prices tend to rise and, due to improving investor confidence, assets under management and fees can rise within asset management companies. "So we have rising equity markets, new investor c...