Liontrust Assessment of Value Report - Flipbook - Page 3
Introduction
John Ions
CHIEF EXECUTIVE
We take seriously our responsibility as guardians of our clients’ assets
and never forget that we are looking after other people’s savings. As
part of this responsibility, Liontrust seeks to provide positive outcomes
for our investors to help them achieve their financial goals.
Liontrust takes great pride in the excellence of our investment
teams and the performance they have generated over the long
term. This success is reflected in the growth of our assets under
management and advice (AuMA) over the past few years and the
independent recognition in the form of awards and ratings that
we are regularly awarded.
While fund performance is generally seen by investors as the key
measure of whether they are receiving a positive outcome, the
value that Liontrust provides our clients extends well beyond this.
Assessment of Value Report
For this reason, it is with great pleasure that I introduce Liontrust’s first
Assessment of Value Report. This Report, which will be published on an
annual basis, evaluates whether our funds are delivering value to our
investors. Liontrust considered the seven criteria selected by our regulator
– the Financial Conduct Authority (FCA) – of which performance is just
one; the other six criteria cover costs, charges and the quality of service.
This Report provides an assessment of each of our UK-domiciled funds
against the seven criteria and an overall summary. I am delighted to say
that 80% of our funds have gained a Green score and are therefore
delivering value. Only 15% of our funds have been given an Amber
score, meaning that while they are delivering value, enhancements are
under way or completed. Two funds have been given a Red overall
score, which means they are not delivering value consistently. Both funds
have already been merged into the Liontrust UK Growth Fund.
We also highlight in this Report how Liontrust offers value in areas
other than the seven criteria, including through our approach to
investment management, corporate culture and sustainability (see
pages 10 to 13).
Investor survey
As part of the assessment of our funds, we asked our clients –
professional fund buyers, advisers and private investors – for their
views.
Of the respondents to the survey, 76% said they were satisfied or very
satisfied with the information, materials, communication and services
they receive from Liontrust. And 80% said they were satisfied or very
satisfied overall with the client services team at Liontrust.
As Chief Executive for more than 10 years, I am incredibly proud
of the development of Liontrust over this time and this Report reflects
both this and the excellence of my talented colleagues on a daily
basis.
I want to thank all our clients and investors for their loyalty and
support over the past decade. This Report demonstrates the value
we continue to deliver for them. There are always areas for
improvement and we are taking action where necessary.
We hope you find the Report informative, useful and interesting.
Liontrust welcomes any feedback you may have.
5% Delivering value:
1
enhancements under
way or completed
% Not delivering
5
value consistently
Investment management
While performance is not predictable, the way in which our funds
are managed is and this enables them to meet the expectations
of investors. All of Liontrust’s investment teams clearly explain and
document their investment processes, which are repeatable and
scalable. The Covid-19 crisis has reiterated the importance of
this at a time when investors have been seeking reassurance and
confidence from those in whom they entrust their savings.
Sustainability
Liontrust strives to provide positive outcomes for stakeholders and the
wider society as well as investors. The Liontrust Sustainability Report
2020, which is available on our website, shows how we have been
embedding sustainability into our business and our plan for being
a responsible and transparent investor, playing our part on climate
change, developing a talented and diverse staff and being a good
corporate citizen.
80% Delivering value
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