Despite Brexit uncertainty, a trade war and an inverted US yield curve, UK-focused Liontrust Asset Management (LIO) has been consistent, attracting investor capital at increasingly high rates. All the while, its shares have traded at a lower forward earnings multiple than its peer group average.
IC TIP:
Buy
at
736p
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points
Consistent inflows
Decent yield
Strong distribution franchise
Discount to peers
Bear points
Market volatility
UK exposure