Lindsell Train drops out of multi-managers' top ten as Woodford fallout continues

Fund suffered 1.1% loss over past three months

Lindsell Train UK Equity slipped out of the ten most commonly held funds by multi-managers in Q3 as the Woodford effect began to hit sentiment towards some of the most popular boutique houses, according to Harrington Cooper's Proprietary Asset Allocation Tracker.

Despite equity allocations within balanced portfolios run by UK wholesale investors ticking modestly higher in the third quarter of 2019, Nick Train's popular offering was shunned. The fund, which has lost 1.1% in the three months to 27 November compared to the FTSE All-Share's 6.2% gain according to FE Fundinfo, had been a stalwart of multi-manager portfolios, said Jonathan Francis, head of investment research at Harrington Cooper. Why Premier Multi-Asset Global Growth has its largest-ever weighting in UK equity funds However, Francis suggested its departure from the most commonly...