Lindsell adds to stocks hit hardest by sell-off in Global fund

Opportunities in consumer staples

Michael Lindsell has used August's market volatility as an opportunity to add to the worst performing holdings in his £1bn Lindsell Train Global Equity fund.

Lindsell, who founded the company with his colleague Nick Train, has been adding to stocks that have fallen the most in the recent market sell-off, such as Walt Disney and Diageo. The manager said: "As prices have fallen, we have been keen to add to the holdings that have suffered the most: Intuit (-19%), Walt Disney (-15%), Shiseido (-15%) and Kao (-12%)." He also added to consumer staples firms Diageo and Unilever, where high sales exposure to emerging markets has led to share price weakness. Over the past three months, Diageo's share price has fallen 10%, while Unilever has shed 9....