interactive investor places Lindsell Train fund under formal review

Has lost 9.4% over last 12 months

clock • 2 min read

interactive investor has placed the £467m Lindsell Train Japanese Equity fund under formal review due to performance concerns.

The fund, which has been managed by manager Michael Lindsell since 2004, currently resides on ii's Super 60 list of rated funds, but the firm's Investment Selection Committee will decide within three months whether to retain or replace the vehicle. While the fund has comfortably outperformed its average peer and its TSE TOPIX benchmark over the last decade with a total return of 206.6%, it has underperformed both over one, three and five years, according to data from FE fundinfo. Over the last 12 months, it has lost 9.4% while the IA Japan sector average is up 12.4%.   Dzmitry Lipski,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Unit trusts/OEICs

Trustpilot