Lindsell Train IT to cut management fees

LTIT to see fees cut from 0.65% to 0.6% next month

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Fund manager Nick Train
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Fund manager Nick Train

Lindsell Train is cutting the management fee it charges on its Lindsell Train Investment Trust (LTIT) from 0.65% to 0.6% following a strong year, which netted the group £2.43m in performance fees.

LTIT's annual report to 31 March 2019 informed of a net asset value (NAV) total return of 23.2%, beating the 12% delivered by the MSCI World index in sterling terms. Lindsell Train said its lower fee...

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