Nick Train: 'several encouraging share prices' for companies in December

Outperformance in January

Several companies in £235.5m Lindsell Train investment trust experienced share price rises in December as the trust starts 2022 on strong-footing compared to peers.

Nick Train, portfolio manager for the fund said there were several encouraging share prices for companies in December a contrast to the previous 12 months when many longstanding holdings were disappointing or lacklustre. It included a 6% rise in Diageo, a 9% rise in Heineken, a 7% rise in London Stock Exchange Group and an 11% rise in Mondelez. Train said that the improvement is a sign that investors attention and preference is extending beyond the technology and Covid winners of the last two years. He added that other companies with credible growth potential, like the holdings above,...