Lindsell Train trust NAV dragged down by fund group holding

'Disappointing investment returns''

The Lindsell Train investment trust has reported a net asset value drop of 3.6% in the six months to September, as its stake in Lindsell Train Limited weighed on performance.

The trust's NAV actually fell 8.3% during the period, but regained some ground once the payment of the dividend of £51.50 was added back.  Share price total return dropped by 11.3%, primarily on account of the share price discount to NAV widening from 0.4% at 31 March 2023 to 8.5% at 30 September 2023.  Nick Train pledges to 'keep faith' in Lindsell Train holdings as performance lags These returns compared with a positive MSCI World index total return in sterling of 4.5% over the same six month period. Trust chair Julian Cazalet, in his last report after eight years in the role,...