Train: Six years into the rally, I am still exceptionally bullish

Lindsell Train co-founder Nick Train has said his runaway performance is not preventing him from maintaining an "exceptionally bullish" stance on global and UK equities.

Half-yearly figures for the Finsbury Growth & Income trust show it produced a 17.5% return over the six months to 31 March. That compares with a 5.3% return for the FTSE All Share, and comes despite Train having warned last year that his "jaw-dropping" performance may not be maintained for long. But the manager is no longer erring on the side of caution, instead preferring to emphasise the benefits of technological developments which both push down inflation and create growth opportunities. "We remain exceptionally bullish about the outlook for global equity markets, including the UK,...