Fund
FACT BOX
MANAGERS : James Dowey , Storm Uru & Clare Pleydell-Bouverie / LAUNCHED : 31 / 12 / 2001 / FUND SIZE : £ 191m / OCF : 0.87 %
CROWN RATING
get off the ground , innovation in established businesses drives down operating costs and lets them cut prices , making it a “ godsend ” while inflation is high and growth is scarce . The manager used three holdings to illustrate this point : Moderna ’ s mRNA technology drives efficiency in a sector where 90 % of drugs in development fail ; Illumina has done more than any other company to reduce the cost of genetic sequencing ; and Planet Fitness , “ the Aldi of US gyms ”, offers a basic membership of $ 10 a month . Analysts at RSMR said investors shouldn ’ t be surprised by the fund ’ s poor performance in the recent downturn , adding it should also bounce back more strongly when the global economy recovers .
Performance of fund vs sector and index over 10yrs
IA Global ( 161.1 %)
MSCI ACWI ( 191.2 %)
Liontrust Global Innovation ( 122.1 %)
250 % |
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200 % |
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150 % |
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100 % |
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50 % |
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0 % |
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-50 % |
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Jan13 |
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Jan22 |
Source : FE Analytics
Issue 91 - January 2023 / 47 /