Lindsell Train investment trust’s (LTL) ailing share price has edged up over the six months to 30 September 2024, as co-founder Nick Train threw his weight behind the returns brought by data and tech holdings.
Having dropped 19.8% in the year to 31 March 2024, the trust's share price has gradually risen by 2.7% in the six months to 30 September 2024, according to an abridged version of the company's half year report published today (3 December). This marked a similar return to the MSCI World index total return during the same period of 2.8%, even though the index had previously returned 22.5% in the same timeframe that Lindsell Train's share price toppled by 19.8%. Nick Train's UK Equity fund to pull in over £230m from Hargreaves Lansdown takeover However, the company's NAV per share f...
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
