Lindsell Train faces headwinds attracting investors to US equity fund
Shaky performance, higher charges and lack of ‘Nick Train name on the door’ could put some retail investors off
Shaky performance, higher charges and lack of ‘Nick Train name on the door’ could put some retail investors off
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Estee Lauder, American Express and Alphabet make up the biggest holdings
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Global equity and income trust funds were among 17 casualties
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Lindsell Train founder said academic publisher had fallen short of other ‘digital winners’ in his portfolio
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Juventus and Hargreaves Lansdown have experienced double-digit share price drops in the last year
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LTIT dropped its easy-to-beat gilts benchmark for the MSCI World this year
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‘For any investment trust that has a performance fee, the measure of success should be fair’
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Nick Train’s investment boutique is currently valued at over £350m
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Michael Lindsell’s fund has lost investors 9% in one year while the Topix has risen 25%
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Manager Chris Field says DMGT is worth double what the Rothmere family are willing to pay
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Finsbury Growth & Income Trust has this year delivered its weakest relative returns since 2007
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FUM grew by just 6% in 2021 compared to 32% spike the year before
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