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View the article online at http://citywire.co.uk/wealth-manager/article/a739867

Ions defends Liontrust performance as ‘dash to trash’ hurts

by Eleanor Lawrie on Mar 13, 2014 at 09:49

He argued that while the larger groups may charge less for their funds, the pressure on them will be greater if they offer index-type performance, when tracker funds have much lower fees.

Meanwhile, the firm’s UK Equity Income and Macro UK Growth funds, run by Stephen Bailey andJan Luthman, have seen a pick-up in inflows following the announcement of Neil Woodfood’s impending departure from Invesco Perpetual.

‘We have seen a pick-up in fund flows. We have got two managers with a very well thought of process and good numbers behind them,’ he said.

Ions thinks Woodford’s decision to leave highlights the importance of creating the right environment for fund managers.

‘For whatever reason he has gone to a small business and there is every chance he will make it a significantly bigger one, but what it does say is unless you create the right environment for your managers, no matter what you pay them, they are not going to stay,’ he said.

Since taking over the business, Ions has worked hard to diversify the fund range. At the end of last year, assets under management had grown to £3.6 billion, up 6% on the third quarter.

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1 comment so far. Why not have your say?

Philip Milton

Mar 13, 2014 at 11:07

Hmmmm... does this mean that any outperforming manager must have been buying trash..... I think not! Avoiding miners last year was a great call so what went wrong with placement of the capital saved from that sector?

I have no fears about the group at all... but just to be careful about what 'you say' in that it can have negative connotations!

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