Nick Train has followed up allocations to Experian within Lindsell Train’s UK funds announced earlier this month by adding the credit data provider to the firm’s Finsbury Growth & Income trust.
The third new holding Lindsell Train has initiated in the past 12 months comes amid an "unusually high rate of actionable new ideas" for the manager, Train said, reflecting the fact "more opportunities are being presented to us as other investors give up on the UK". Finsbury Growth & Income's NAV and share price were up 2.2% and 1% respectively on a total return basis in September, while the index was down 1.7%. In a note to investors this morning (20 October) Train confirmed his team had been building a position in Experian across "all our UK accounts over the summer" and reiterated ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
