Nick Train pledges to 'keep faith' in Lindsell Train holdings as performance lags

NAV up 2.3% in June

Nick Train has said he will “keep faith” in the Lindsell Train Investment Trust's holdings, even as total returns so far this year have lagged its benchmark.

The trust reported a net asset value up 1.3% for the year to June 2023. However this is significantly lower than the 8.9% achieved by its benchmark the MSCI World index. On a monthly basis, Lindsell Train Investment Trust was up 2.3% in June, while the index gained 3.4%. In the trust's latest factsheet, Train acknowledged the trust had not performed as he had hoped so far this year. "Some of our holdings did well over the first half of 2023, although we wish more of them had," he said. Nick Train: Fund allocators have become disenchanted with UK equities Questioning what he shou...