Lindsell Train bags £3m fees on bond benchmark
Lindsell Train has defended its use of a government bond benchmark for its eponymous investment trust as it rakes in £2.8m in performance fees.
Lindsell Train
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Lindsell Train staff pay averages £1m
Lindsell Train fee revenue has jumped, according to its latest financial statements, with performance fees almost tripling on the back of strong performance and inflows.
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Lindsell Train tops investment trusts as premium hits 42%
A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.
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Nick Train downplays bond proxies as rate hikes loom
Nick Train says it is wrong to categorise his funds as bond proxies even as he defends the outlook for the interest-rate sensitive type of equities.
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Dividends drive Lindsell Train Japan fund’s surprising outperformance
Dividend hikes from Nintendo, Kao and Shiseido helped the Michael Lindsell-run Japanese Equity fund to “surprisingly” outperform the Japanese stock market, according to the fund’s latest monthly update.
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LGT Vestra slices Woodford and Trojan in UK equity cull
LGT Vestra has sliced its holding in major UK equity funds, including Neil Woodford’s flagship equity income fund, across its core managed portfolio service strategies as it moves away from UK equities.
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The 10 bestselling funds in October
Which funds were investors’ favourites during a month that has a reputation to be the most volatile? Portfolio Adviser looks at The Share Centre’s statistics to see which vehicles were the most traded in October.
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Terry Smith and Woodford top traded but Vanguard gains ground
While Fundsmith Equity, Woodford Income and Lindsell Train Global were the most popular funds in September, Vanguard “muscled its way in to the top five”, according to Interactive Investor.
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Tilney’s Hollands: Shunning UK equities ‘unwarranted’
UK retail investors are continuing to pull out of UK equity funds at an alarming rate, but Tilney Group managing director Jason Hollands argues the asset class is getting a bad rap.
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Nine investment trusts that should change your view of the sector
Home to some of the most recognisable names in the investment company universe, the Global sector offers variety through a multitude of different manager philosophies.
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Train dragged down by Daily Mail, Pearson
Nick Train’s Finsbury Growth and Income Trust had a ‘disappointing’ November in large part due to the performance of the Daily Mail and Pearson, the manager said.
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Increased regulation sees Lindsell Train halt all gearing
The Lindsell Train Investment Trust has taken the decision to stop using gearing in the future, largely as a result of the costs involved of adhering to the full scope of the Alternative Investment Fund Managers Directive.