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Global Fundamental team

Meet the team

Headed by Imran Sattar, the Global Fundamental team has a strong track record of active management of equities for institutional investors, intermediaries and their clients since 2002. The team initially focused on UK equities but expanded in 2007 to include a global long/short equity fund and again in 2014 to include US, Global and International equity strategies. In 2020, the Global Fundamental team was appointed to manage the Edinburgh Investment Trust. Since their acquisition by Liontrust in April 2022, the team has taken on the management of emerging markets and further global equity funds.

 

Imran Sattar
Imran Sattar
Imran Sattar joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was a Fund Manager for four years. Read more
Tom Hosking
Tom Hosking
Tom Hosking is a Co-Fund Manager of the International Equity, Global Balanced, Global Alpha and Global Smaller Companies funds. Tom joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management, where he was an Equity Analyst and Co-Fund Manager for eight years and is a member of the Liontrust Global Fundamental team.

Tom holds a Master of Arts degree in Economics from Corpus Christi College, Cambridge and is a CFA Charterholder. Read more
Thomas Smith
Thomas Smith
Thomas joined Liontrust in October 2019 as part of the acquisition of Neptune Investment Management, where he started his investment career. Thomas has a Master’s degree in Chemistry from Oxford University. Read more
Ewan Thompson
Ewan Thompson
Ewan joined Liontrust in October 2019 as part of the acquisition of Neptune Investment Management, where he started his investment career. Prior to joining Neptune in 2006, he worked as an editor for Yale University Press.  Read more
Ruth Chambers
Ruth Chambers
Ruth joined Liontrust in October 2019 as part of the acquisition of Neptune Investment Management. Prior to joining Neptune, Ruth was a field engineer for Schlumberger before working as an oil & gas equity research associate for Bank of Montreal. Read more
Hong Yi Chen
Hong Yi Chen

Hong Yi Chen manages the US Equity Fund and US Opportunities Fund, and is Co-Fund Manager of the Global Balanced, Global Alpha and Global Smaller Companies funds. Hong joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was an Equity Analyst and Co-Fund Manager for 12 years and is a member of the Global Fundamental team.

Hong holds a Bachelor of Arts degree in Economics from Gonville and Caius College, Cambridge and is a CFA Charterholder.

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Emily Barnard
Emily Barnard
Emily Barnard joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where she was an Equity Analyst for six years. Read more
Dan Ekstein
Dan Ekstein
Dan Ekstein joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was an Equity Analyst for three years. Read more
Sam Bealing
Sam Bealing
Sam Bealing is a Deputy Portfolio Manager on the Income fund as well as an analyst in the Global Fundamental team. Sam joined Liontrust in May 2022. Prior to joining Liontrust, Sam worked at UBS Investment Bank where he was a Director on the Specialist Equity Sales team covering Small & Midcaps and Real Estate. Sam holds a Bachelor of Arts degree in Economics and Management from Oxford University and is a CFA Charterholder. Read more

Our investment process

UK Equities

The funds have a focused, bottom-up stock picking approach that applies a flexible investment process which avoids inbuilt style biases. The funds focus on companies that the team believes offer the best risk/reward profiles while ensuring the portfolios are well balanced and risk is carefully targeted.

UK Equity Income funds

The team invest in high-quality dividend paying companies with competitor powers. Their building blocks of quality include strong and improving returns on capital, clean cash-generative financial models, prudent balance sheets, attractive underlying markets, and skilled and motivated management. Companies with at least one of seven competitor powers have strategic traits that underpin persistent and predictable profitability.

Global Equity funds

The team looks for companies that are exploiting change to become more highly valued in the future. The team seeks to identify companies that can exploit multiple change catalysts as they believe this is often when the potential opportunity is most advantageous.

Emerging Markets strategies

The team focuses on emerging leaders, which are companies that are well positioned to prosper in a world of rapid change. A common feature of the companies is their ability to create value for customers and capture value for itself and its shareholder via a sustaining moat (such as unique assets, technology leadership and R&D investment).

Funds managed by the team

The funds managed by the team have a variety of approaches. The core of the team’s investment approach is deep, fundamental research driven by original thinking to find share price inflection points that can drive long-term performance. The managers look for distinct inflection points and drivers of returns for the different funds.

Funds managed by the team

Edinburgh Investment Trust 456x256
Global Fundamental

Edinburgh Investment Trust plc

Edinburgh Investment Trust, which was launched in 1889, offers a high-conviction portfolio of UK equities. Imran Sattar aims to deliver long-term added value regardless of economic and market conditions.

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UK Equity
Global Fundamental

UK Equity Fund

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team. It aims to generate capital growth over the long term through an actively managed UK equities portfolio.

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UK Focus
Global Fundamental

UK Focus Fund

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team. The Fund aims to generate capital growth over the long term through a concentrated, actively managed UK equities portfolio.

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Income Fund
Global Fundamental

Income Fund

The Fund is constructed using a distinctive, flexible style encompassing elements of Growth and Value investing. This helps mitigate style bias and produces balanced portfolios, with a potential to perform across different market and economic cycles.

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Balanced Fund
Global Fundamental

Balanced Fund

The Liontrust Balanced Fund is managed by Tom Hosking and Hong Yi Chen. The Fund aims to generate capital growth over the long term (5 years or more) with the potential for income through investing in global equities and bonds.

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Global Alpha Fund
Global Fundamental

Global Alpha Fund

The Liontrust Global Alpha Fund is managed by Tom Hosking and Hong Yi Chen. The fund managers aim to deliver Alpha (i.e. capital growth in excess of the MSCI AC World Index) by running an actively managed portfolio and investing in securities using a combination of economic, industry and stock specific analysis irrespective of a benchmark index.

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India Fund
Global Fundamental

India Fund

The Fund seeks to identify Emerging Leaders equities, which are companies with the resources and capabilities to survive and prosper given the huge levels of disruption across the economy in India.

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US Opportunities Fund
Global Fundamental

US Opportunities Fund

The Fund seeks to identify companies that will be the beneficiaries of digitalisation in the US and invest across three different categories of these beneficiaries: the disruptors, embracers and enablers.

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Japan Equity Fund
Global Fundamental

Japan Equity Fund

The Fund seeks to identify Industry Leaders via a sector-by-sector analysis process, investing in companies that dominate their global industry. These stocks have exposure to faster growing regions, such as emerging markets.

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Latin America Fund
Global Fundamental

Latin America Fund

The Fund seeks to identify Emerging Leaders equities, which are companies with the resources and capabilities to survive and prosper given the huge levels of disruption across Latin American economies.

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Emerging Markets Fund
Global Fundamental

Emerging Markets Fund

The Fund seeks to identify Emerging Leaders equities, which are companies with the resources and capabilities to survive and prosper given the huge levels of disruption across emerging markets economies.

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China Fund
Global Fundamental

China Fund

The Fund seeks to invest in Emerging Leaders equities, which are companies with the resources and capabilities to survive and prosper given the huge levels of disruption across the economy in China.

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Global Smaller Companies Fund
Global Fundamental

Global Smaller Companies Fund

The Liontrust Global Smaller Companies Fund is managed by Tom Hosking and Hong Yi Chen. The Fund aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% of the portfolio in shares of small sized companies across the world. These are companies which, at the time of purchase, have a market capitalisation of under £10 billion.

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Russia Fund
Global Fundamental

Russia Fund

The Fund seeks to identify Emerging Leaders equities, which are companies with the resources and capabilities to survive and prosper given the huge levels of disruption across the economy in Russia.

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GF UK Equity
Global Fundamental

GF UK Equity Fund

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team. It aims to generate capital growth over the long term through an actively managed UK equities portfolio.

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GF US Equity
Global Fundamental

GF US Equity Fund

Managed by Hong Yi Chen of the Liontrust Global Fundamental team, the Irish domiciled Fund aims to produce capital growth over the long term through investment in a diversified portfolio of primarily US equities.

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GF International Equity
Global Fundamental

GF International Equity Fund

Managed by Tom Hosking of the Liontrust Global Fundamental team, the Irish-domiciled Fund is a high conviction portfolio, which captures emerging and developed market opportunities (largely excluding the US) and aims to produce a total return over the long term.

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“Our flexible approach has stood the test of time for good reason. It provides scope to invest across the market where opportunities arise and valuations dictate.”

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