Nick Train has doubled his holding in Schroders but has called for the UK asset manager to tackle the US market to join the ranks of the global elite.
According to the FT, Train increased his stake in the asset management giant after it experienced share price falls last year. Schroders fell some 30% in 2018, although it has seen a recovery this year. The manager is now the largest independent shareholder in Schroders after the Schroders family itself, taking into account his combined stake within the £5.8bn UK Equity fund and the Finsbury Growth and Income investment trust. Lindsell Train's total holding is now 10%, according to Morningstar. Lindsell Train IT edges close to peak premium once more Commenting on the holding, Tr...
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