Train 'flabbergasted' by recent outperformance

Lindsell Train co-founder Nick Train has admitted to being "flabbergasted" by a recent spell of outperformance in his £355m Finsbury Growth & Income trust.

Train's comments come after the trust substantially outperformed its benchmark in the half year to the end of March. The company delivered an NAV return of 26.7%, ahead of the FTSE All Share index return of 14.5%, while its share price rose 25.1% over the period. "The best word to summarise our reaction to recent returns is 'flabbergasted', so very marked has been the outperformance," he said. The manager named Heineken, Unilever, Diageo, Daily Mail and Schroders as five of his strongest performers over the last six months. Train (pictured), who predominately invests in companie...