One-fifth of funds offered by Liontrust require action to rectify concerns over their value to investors, according to the firm’s assessment of value (AoV) report, which highlighted performance issues in each of the named funds.
The report, which does not include the firm's multi-asset or Irish-domiciled funds, indicated that two funds are red-rated, requiring "significant action" to achieve value, while a further six are amber-rated, requiring "minor action" to bring them up to scratch. Both of the funds achieving the lowest rating are UK focused and have seen manager changes this year due to producing "negative capital return" and having "significantly underperformed both the benchmark and sector over the last five years". Liontrust completes Architas deal The red-rated Liontrust UK Mid Cap and Liontrust...
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