Liontrust has revealed the top five holdings in its recently-launched UK Micro-Cap fund, unveiling positions in technology, market research firms and a patent attorney practice.
The £10m fund, which launched on 9 March, is run by managers Anthony Cross (pictured), Julian Fosh, Matthew Tonge and Victoria Bates, and uses the ‘economic advantage' process already in place on the group's £1.7bn Special Situations, £214m UK Growth and £433m UK Smaller Companies funds. The team look for companies with particular characteristics that are the hardest to replicate, enabling them to sustain a higher than average level of profitability for longer than expected. These characteristics fall into three categories - intellectual property, a strong distribution network, and recur...
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