Nick Train, manager of the £333m Lindsell Train UK Equity fund, has said the most important development for equity markets in Q3 had nothing to do with Greece or the eurozone.
Train, whose fund is top decile in the UK All Companies sector over one, three and five years, said the productivity gains produced by technology such as Amazon's Kindle Fire could have highly significant implications for great swathes of the global quoted sector. The launch of the Kindle Fire, Amazon's tablet version of its e-reader Kindle product, was announced on 28 September. "We have been saying to shareholders and potential investors we think far and away the most important news development in Q3 2011 had nothing to do with Greece or the euro. From our perspective the most impor...
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