Liontrust Views Spring 2023 - Flipbook - Page 3
WELCOME
Welcome to the spring 2023 edition
of Liontrust Views, a guide to how your
investments have performed and what
market developments mean for them.
Financial markets began this year on the front
foot but were shaken in March when some
regional banks in the US suffered significant
deposit withdrawals and Switzerland’s
Credit Suisse was taken over by UBS. But the
negative news distracted from the fact that
global markets still notched up their second
successive quarter of steady recovery.
In this edition, we have our regular features
that examine what has happened in global
markets in recent months, the factors driving
them and our outlook on what might lie
ahead. We outline our thoughts too on how
our funds are positioned and the underlying
asset classes in which they invest.
In the last quarter, the Strategic Asset
Allocation (SAA) that our funds follow has
changed.
On page 7, we explain what this will
mean for our investors. The world today
presents many challenges, with markets
becoming ever faster and more complex.
Wider, fundamental changes caused by the
Covid pandemic and the fragmentation of
globalisation add to these. We believe that
the drivers of successful investing over the
next decade will be different to those of the
last one and we want an SAA to match.
Investors have to address changes in their
own lives, too, and on pages 10 to 13
we explain how they can meet financial
goals around life events such as saving for
deposits on their first home, a wedding,
school and university fees and retirement.
Finally, you can see the vital statistics
on Liontrust’s funds in our Performance
Overview on pages 14 to 25.
We hope you enjoy reading this edition
of Liontrust Views and we welcome your
feedback.
LIONTRUST VIEWS – SPRING
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