Lindsell Train IT waives half its performance fee and swaps benchmark

Investment trust adopts MSCI World Index in Sterling

Pedro Gonçalves
clock • 2 min read
Nick Train of Lindsell Train
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Nick Train of Lindsell Train

The managers of the Lindsell Train investment trust have waived half of the £5,323,404 performance fee due for the year to 31 March, a change that will be reflected on the calculation of the company's next NAV.

According to the board, dropping the performance fees for that year to £2,661,702 was a "generous gesture" that comes amid changes to the way performance fees are to be calculated. The investment trust...

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