Lindsell Train's Bullock: LSE/Deutsche Boerse merger on 'shakier ground'

Investigated by European Commission

James Bullock, co-manager on the £2bn Lindsell Train Global Equity fund, is sceptical about the success of the London Stock Exchange / Deutsche Boerse merger, highlighting the German exchange's previous four failed bids.

Deutsche Boerse agreed a 'merger of equals' with LSE back in March to create a stronger securities business.  Bullock, who runs the Lindsell Train Global Equities fund with Michael Lindsell and Nick Train, said the deal had a "sensible rationale" due to the need for a large European exchange to match US or Asia equivalents. The fund holds a 5.5% exposure to LSE, and has profited from the stock's share price rise of 11.4% over the past 12 months. Lindsell Train trust receives boost from LSE merger However, Bullock said he is unsure if the planned merger will succeed as Deutsche B...