287. The ‘Cashflow Champions’ of Europe

FundCalibre - Investing on the go

Samantha Gleave, co-manager of Liontrust European Dynamic, discusses the fund's investment process, including how a company can qualify for its 'cashflow champions' watch list. The interview also touches on the importance of the macroeconomic environment, concerns related to energy prices, the impact of recession in Germany and why the fund is tilting towards value. She concludes with a balanced outlook on European equities, while also highlighting opportunities at the stock level in names likes Novo Nordisk, Inditex and Partners Group.

What’s covered in this episode:

• What is the Cashflow Solutions process?
• Why the fund is tilting towards value
• Are there concerns about Europe’s gas supply this year?
• Will Germany bounce back from recession quickly?
• Does the team prefer one country over the other in Europe?
• The strong momentum of Inditex
• The investment case for private equity business Partners Group
• Outlook for European equities in 2024
• The importance of positive stock news, highlighting Novo Nordisk

More about the fund:

The Liontrust European Dynamic fund is a concentrated portfolio with 30-40 holdings, emphasising robust cash flows as the primary driver of returns from European companies. Its exceptional long-term performance is attributed to a collaborative, rigorous process and a flexible investment style that can pivot between value and growth based on market opportunities.

Learn more on fundcalibre.com
Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.