interactive investor places Lindsell Train fund under formal review

Has lost 9.4% over last 12 months

interactive investor has placed the £467m Lindsell Train Japanese Equity fund under formal review due to performance concerns.

The fund, which has been managed by manager Michael Lindsell since 2004, currently resides on ii's Super 60 list of rated funds, but the firm's Investment Selection Committee will decide within three months whether to retain or replace the vehicle. While the fund has comfortably outperformed its average peer and its TSE TOPIX benchmark over the last decade with a total return of 206.6%, it has underperformed both over one, three and five years, according to data from FE fundinfo. Over the last 12 months, it has lost 9.4% while the IA Japan sector average is up 12.4%.   Dzmitry Lipski,...