2020 annual results round-up: Lindsell Train mulls future fund launches as pre-tax profits rise 4.8%

Firms report on full year 2020

Investment Week
clock • 28 min read

As groups report on their progress last year, Investment Week looks at the trading updates for asset managers and investment platforms for the 12-month period ending 31 December 2020.

Lindsell Train Lindsell Train's annual overall profit to 31 January 2021 increased by 4.5% to £62.3m compared to the previous year, according to its latest company results, with pre-tax profits rising by 4.8% to £76.9m. The firm, which announced its results this morning, also achieved an uptick in fee revenue of 3.7% to £115.9m as its funds under management increased by 6.3% to £22.8bn. Some 94.3% of overall lfee revenue came from recurring fees. Elsewhere over the financial year, Lindsell Train bought back 45 of its shares from an employee shareholder, which were placed in a treasu...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot