Liontrust Macro UK Growth removed from Adviser Centre recommended list as assets dwindle

Poor performance

The Adviser Centre has removed the Liontrust Macro UK Growth fund from its recommended list on the back of the fund's falling assets.

The Liontrust Macro UK Growth fund has been haemorrhaging assets over the past few years, falling from £144m in August 2012 to its current size of £39m. Run by Stephen Bailey and Jamie Clark, the fund is bottom quartile over one and three years, significantly underperforming the IA UK All Companies sector average over three years, with returns of 5.1% versus the sector's 17.4%. Over one and five years the fund returned 1.8% (versus 4.4%) and 41.9% (versus 49.6%) respectively, FE data shows. In its monthly review, The Adviser Centre attributed the fund's underperformance to its proc...