Liontrust Income fund to adopt global mandate

The Liontrust Income fund, headed up by Gary West and James Inglis-Jones, has reversed its focus on the UK in favour of a global mandate to tap into a larger universe of dividend paying stocks.

Liontrust has opted to move the fund out of the IMA UK Equity Income sector and into the IMA Global Equity Income sector, taking the view the IMA's 20% maximum rule on ex-UK stocks is too restrictive. West and Inglis-Jones argue the limit restricts the fund from taking advantage of the full range of investment opportunities they are identifying on a global basis. The managers added they will be able to deliver better returns through investing in global stocks, using their cashflow solution investment process.  Inglis-Jones (pictured) said: "Increasingly, there are relatively few st...