Lindsell Train IT backs equities 'for the foreseeable future' with benchmark shift

Company tweaks investment policy and performance fee

clock • 3 min read

The Lindsell Train investment trust has changed its performance benchmark to reflect its ongoing preference for equities, which it expects to be maintained “for the foreseeable future”, as the company announced a tweak to its investment policy and performance fee.

Lindsell Train IT, which is managed by James Bullock, Michael Lindsell and Nick Train, informed investors in its annual financial report this morning (17 June) that it would shift its benchmark from a "market-based proxy for inflation" to the MSCI World index (sterling) total return. Nick Train: 'Tactical opportunity' in unloved UK stocks The board explained that the rise in the value of management company Lindsell Train (LTL), which now represents 50% of the trust's NAV, as well as the "the lack of asset allocation alternatives…offering comparable value to equities", means "the p...

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 Investment Trusts

Trustpilot