Morningstar downgrades Nick Train's funds on capacity concerns

Less nimble

David Brenchley
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Nick Train's funds have been downgraded by Morningstar
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Nick Train's funds have been downgraded by Morningstar

Morningstar has downgraded its ratings in Nick Train’s LF Lindsell Train UK Equity fund and Finsbury Growth & Income investment trust over capacity concerns.

The ratings agency said it had downgraded the ‘Acc' share class of the UK Equity OEIC from Gold to Bronze, and the trust from Gold to Silver. Analyst Peter Brunt said the sheer size of the strategy...

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