Train: Investors disappointed with Unilever are looking a gift horse in the mouth

'Wild month' for the £3.2bn fund

Nick Train, manager of the £3.2bn Lindsell Train UK Equity fund, remains confident in consumer goods giant Unilever, despite a disappointing set of final results.

In his latest portfolio update covering the fund's performance in January, Train (pictured) reminded investors why Unilever, one of his biggest holdings in his fund at 9.1%, continues to be a "robust equity asset". The company ended 2016 with a sales growth figure of 3.7% for the full year, but this was below the 3.9% analysts were expecting. Despite second-half margins, earnings per share growth and free cash flow being ahead of expectations, the results were overshadowed by the sales figure, leaving some investors disappointed. But according to Reuters, the brand blamed a weak ec...