Liontrust
Liontrust GF European Strategic Equity Fund
Jul 2026 → Jul 2026
Our archive holds 1 letter from this strategy and positions in 7 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Liontrust for every strategy.
Performance
as of Jul 31, 2026 · net of fees · EUR · A4 Acc EUR
- YTD+9.2%index +21.8%
Index: MSCI Europe
| YTD | |
|---|---|
| Liontrust GF European Strategic Equity Fund | +9.2% |
| MSCI Europe | +21.8% |
Calendar years
- 2025+6.7%index +8.1%
- 2024+14.7%index +13.7%
- 2023+3.1%index +16.7%
- 2022+31.7%index −6.5%
- 2021+36.9%index +27.9%
- 2020−15.5%index −5.5%
- 2019+2.5%index +4.5%
- 2018+3.0%index +2.8%
- 2017+5.3%index +18.0%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jul 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
ASM International (-20%) and ASML (-17%) lost ground despite releasing quarterly results which were, for the most part, in line or ahead of expectations.
On the positive side, shares in Vodafone Group (+19%) rose sharply on news that French billionaire Xavier Niel had taken a 16% stake in the group for £4.4 billion, paying 110p a share – a 15% premium to the prevailing share price.
IG Group (-19%) also detracted in the long book.
Steel producer ArcelorMittal’s (+14%) rebound was also aided by financial results, which showed an increase in EBITDA to $3.7 billion in the first half of 2026, up from $3.4 billion last year – an improvement from $125 to $143 per tonne.
EMS-Chemie (+16%) – the producer of high-performance polymers for industries including electronics, consumer goods and automotive – moved higher on the back of interim results.
BE Semiconductor Industries (-31%), ASM International (-20%) and ASML (-17%) lost ground despite releasing quarterly results which were, for the most part, in line or ahead of expectations.
ASM International (-20%) and ASML (-17%) lost ground despite releasing quarterly results which were, for the most part, in line or ahead of expectations.