Train calls start of multi-year tech boom

Lindsell Train co-founder Nick Train has called the beginning of a new technology bull run following Apple's explosive start to 2012.

Train, one of the top performing UK equity managers, sees tech companies becoming more and more important in the next few years, and said the sector is set for a multi-year growth spurt. The manager is backing his bold call in his £470m Lindsell Train UK Equity fund and his £340m Finsbury Growth & Income investment trust, building up a 30% stake in tech names or companies integrating advanced technology into their businesses. Train’s favoured tech plays include book publisher Pearson, as well as eBay, both of which are profiting from the high demand for data device tablets. In the ...