Nick Train, manager of the £2.3bn Lindsell Train UK Equity fund, has expressed surprise at the "disparate moves" within some of his favourite stocks this year, but said the unexpected weak performance of some of them offers "terrific" buying opportunities.
Train allocates to three broad themes within his UK Equity portfolio: global consumer brands, owners of media or software intellectual property and capital market proxies. "This mix has served our investors well to date and remains the inspiration for our best current ideas and possible new holdings," Train said. "In May, I was bemused to see both significant positive and negative moves from companies that offer great exposure to these themes." The biggest contributors to performance during the month were Schroders, Hargreaves Lansdown, RELX, Sage and Unilever - all "archetypal" ho...
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
