Train: Equities are in bull market territory

Lindsell Train co-founder Nick Train believes the negative sentiment surrounding equities has been overstated, and argues equities are instead in bull market territory.

Train, who heads up the £250m Finsbury Growth & Income trust, is particularly bullish on the performance of technology stocks in the NASDAQ Composite index since the turn of the year while money managers have also fared well, indicating the markets are on a bullish path. "With the S&P up 15% year-to-date, the Nasdaq up 21% and Apple, the world's biggest company, up over 60% - it is clear we are in a bull market for equities, particularly technology and growth companies," said Train. "Equity market proxies such as Hargreaves, Schroders and Rathbone rallied, up 5%, 9% and 6% respective...