Interactive Investor will not remove the LF Lindsell Train UK Equity fund from its Super 60 list of recommended funds as it has no concerns over liquidity or capacity, the firm has said.
The £6.7bn AUM fund, run by high-profile investor Nick Train, was downgraded, along with its Finsbury Growth & Income Trust stablemate, by Morningstar as the ratings agency outlined worries over the growth of the strategy and the fact that Lindsell Train "has not taken action to manage capacity". Interactive investor had placed the fund ‘under formal review' in late November in order to "reassure ourselves that there has been no deterioration in liquidity". Train to 'wait and see' on HL holding after 'regrettable' 2019 However, the firm on Monday (20 January) said it was "comfortab...
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