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Liontrust Macro UK Growth Fund - Inc (R)

Ranked 91 out of 259 in - UK (All Companies) over 12 months
All calculations are in GBP

Managed by

Stephen Bailey

London-born Stephen Bailey began his career in stockbroking in 1985 as a private client portfolio manager with Statham, Duff, Stoop. He followed this with a year at Sheppards & Chase, before joining Walker Crips Weddle Beck plc in 1987. Currently investment director at the group, Bailey has been the architect and driving force behind the development of Walker Crips' asset management business. His in-depth investment experience and sensitivity to market conditions, coupled with colleague Jan Luthman's more fundamental approach, has created a winning combination in the successful co-management of the Walker Crips UK Growth and Equity Income funds, as well as the Dublin-based Collins Stewart UK Growth Fund. As a keen stockmarket historian, Bailey's interest in the financial world extends beyond the rigours of fund management. He is also a sports enthusiast who enjoys cricket, rugby and golf.

Jan Luthman

Jan Luthman graduated in Civil Engineering from St. Andrews University in 1967. He spent eighteen years managing a range of earthmoving, timber, mining, oilfield and vehicle distributorships in Liberia and the Middle-East. An active and successful private investor during the 1980's, Luthman was amongst the first to pass the Securities Association (now the Securities Institute) exams in Investment Analysis in 1987, followed by Fund Management in 1988. However, the value of this unusual combination of formal qualifications, international corporate management and practical investment experience lay largely unrecognised and untapped until he joined Walker Crips in 2000. Now, together with colleague Stephen Bailey, he manages the Liontrust Macro UK Growth and Macro Equity Income funds, as well as segregated mandates. A fan of good wine, good food, photography and pub walks, Luthman dabbles in Old English as well as a website of children's stories and fables,


The investment objective of the Fund is to provide Unitholders with a combination of long term capital growth and a measure of income derived from a diversified portfolio of predominantly UK equities and bonds. The Fund is permitted to use derivatives for the purposes of efficient portfolio management and for investment purposes.


UK (All Companies) over : 28/02/2014 - 28/02/2015

Total Return

Quarterly Performance

to 01/01/2015 Annual Q1 Q2 Q3 Q4
2014 3.4% 1.1% -0.4% -1.7% 4.4%
2013 30.2% 11.7% -1.3% 7.1% 10.2%
2012 5.4% 6.4% -5.7% 5.0% 0.1%
2011 -3.7% 0.0% 0.9% -10.3% 6.4%
2010 18.1% 4.4% -7.2% 12.6% 8.2%
2009 30.3% -7.4% 10.4% 20.4% 5.9%
2008 -26.4% -10.6% 1.5% -13.3% -6.5%
2007 5.3% 0.4% 4.9% -1.7% 1.7%
2006 16.3% 10.8% -4.7% 3.1% 6.7%
2005 27.7% 9.2% 1.8% 10.3% 4.1%
2004 23.0% 5.3% 0.0% 6.0% 10.2%
2003 30.4% -2.7% 15.6% 10.9% 4.5%
2002 -6.5% 4.0% -2.5% -10.3% 2.9%
2001 -13.9% -7.5% 5.2% -19.2% 9.6%
2000 -2.8% -7.5% 2.1% -1.9% 4.8%
1999 3.8% -6.9% 11.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
BT Group PLC ORD 4.79
Close Brothers Group PLC ORD 4.54
British Land Company PLC ORD 4.50
AstraZeneca PLC ORD 4.27
Aberdeen Asset Management PLC ORD 4.19
GlaxoSmithKline PLC ORD 4.08
Merlin Entertainments PLC ORD 3.97
Jupiter Fund Management PLC ORD 3.89
Moneysupermarket.Com Group PLC ORD 3.44
Schroders PLC ORD 2.88

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/02/1999
  • Share Class size13Mn
  • Base currencyGBP
  • ISIN GB0004932355

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment10,000


  • Annual management1.5%
  • Initial investment5

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CF Liontrust Macro UK Growth

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Mills swoops as Liontrust equity stars sell down Walker Crips

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Liontrust Asset Management will acquire Walker Crips, paying £12 million for the firm and taking over two of its best-known managers Jan Luthman and Stephen Bailey.


Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).