Liontrust Special Situations Investment Fund

From launch, the Fund has returned 227.4% to 31 October 2015 against 81.3% by the FTSE All-Share Index and 85.5% by the average fund in the IA UK All Companies sector, ranking fifth of 191 in this peer group (Source: Financial Express, total return, bid-to-bid retail class). Here are a couple of facts about the Fund over the past 10 years:

  • Eight companies have been held in the portfolio since launch: Concurrent Technologies, Fidessa, GlaxoSmithKline, Next Fifteen, Renishaw, RWS, SpiraxSarco and Wilmington. Of the eight, only GlaxoSmithKline has failed to beat the FTSE All-Share by a significant amount over ten years, illustrating the strength of a low-turnover strategy focusing on stocks with effective barriers to competition.
  • Since launch, 19 holdings have left the portfolio due to acquisition by another company. With many of the fund’s investments possessing strong market share with defendable barriers to competition and impressive financial returns, they will naturally be attractive to potential acquirers.