By Attiya Zainib
Publication Date: 2026-11-10 16:16:00
Liontrust Investment Partners recently released its “GF Global Dividend Fund” Q3 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -0.6% in the third quarter of 2026, underperforming the MSCI AC World Index, which gained 1.6%. However, the Fund remained ahead of the benchmark year to date, with a 16.0% return compared with 13.0% for the index. The quarter was shaped by volatility across semiconductor stocks, even as demand for AI infrastructure continued to strengthen. Customers across the memory and advanced packaging supply chains began making substantial advance payments to secure future capacity, while some major investors announced financing platforms targeting $500 billion in third-party capital for AI factories. The Fund took advantage of July’s market sell-off by repurchasing several previously sold holdings at lower valuations. By quarter-end, its information technology weighting had increased from approximately 25% to 39%….
