Michael Lindsell: Tech and energy boom has hurt portfolio returns

Fund shrank 1.6% in October

Elliot Gulliver-Needham
clock • 1 min read
Co-managers Michaell Lindsell and Nick Train
Image:

Co-managers Michaell Lindsell and Nick Train

The recent underperformance of Lindsell Train’s £8.4bn Global Equity fund is partially due to the outperformance of energy and tech sector, according to co-manager Michael Lindsell.

The vehicle, which is co-managed by Lindsell, Nick Train and James Bullock, has underperformed this year, seeing growth of just 1.1% year-to-date compared to 19.1% for the MSCI World index. While it...

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