Train: Why I have highest ever equity allocation in my investment trust

More than half the portfolio in equities

Jayna Rana
clock • 2 min read

The £131m Lindsell Train investment trust, managed by Nick Train, has the highest allocation to equities in its history, with the manager saying he is more optimistic on the asset class than his peers.

At 30 April, the trust had 54.1% in equities, 32.4% in unlisted securities, 11.4% in funds and 2.1% in cash and equivalents, with its equity allocation divided into consumer franchises (31%), financials (7.4%) and media (15.7%). Train (pictured) said he and co-manager Michael Lindsell are happier about the general outlook for equity markets than the current market consensus. Train: Why it may be time to ignore the 'macro-gloomsters' In the trust's annual financial report for the year-end to 31 March, the manager said: "The portfolio today must be as highly exposed to equities as an...

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