Ratings Roundup

Following the recent news of Liontrust Asset Management’s intention of acquiring 100% of GAM Holding AG, we have decided to maintain our ratings on the funds listed below. The deal is currently subject to regulatory approval and is due to complete in Q4. Liontrust has indicated that GAM’s range of products and strategies are complementary to its existing offering and is therefore seeking to retain GAM’s underlying investment teams. Management of our rated funds is unlikely to be materially impacted by the deal and they, along with the other investment teams from the combined group, are expected to benefit from a larger distribution footprint and marketing capability. We will provide an update on any new developments in due course.

GAM Star Continental European Equity (A)
GAM Star Japan Leaders (A)
Liontrust European Dynamic (A)
Liontrust Special Situations (AA)
Liontrust UK Equity (A)
Liontrust UK Growth (A)
Liontrust UK Smaller Companies (AA)
Liontrust Sustainable Future Corporate Bond (Responsible A)
Liontrust Sustainable Future Monthly Income Bond (Responsible A)
Liontrust Sustainable Future Cautious Managed (Responsible Recommended)
Liontrust Sustainable Future Defensive Managed (Responsible Recommended)
Liontrust Sustainable Future Global Growth (Responsible Recommended)
Liontrust Sustainable Future Managed (Responsible Recommended)
Liontrust Sustainable Future Managed Growth (Responsible Recommended)