Lindsell Train hails LSE prospects as global equity fund lagged benchmark 1.2% in March

LSE “unique role to play” in ESG compliance

clock • 2 min read
Lindsell Train Global Equity Fund 1.2% behind benchmark in March.

Lindsell Train Global Equity Fund 1.2% behind benchmark in March.

Paypal, Intuit and Hargreaves Lansdown (HL) drove down performance on Lindsell Train’s global equity fund in the first quarter of the financial year, as it ended March lagging its benchmark 1.2%, according to the firm’s latest fund report.

PayPal's share price fell 26% at the start of the year, which Lindsell Train attributed to management being penalised for "signalling a focus on the retention of higher value users at the expense of higher growth." It remains the fund's number one detractor for the second consecutive month. Nick Train also has a 3.7% allocation to PayPal in his investment trust (LTIT). According to the report, American financial software company Intuit had a "slower than expected start to its tax season", as HL's investment resulted in a two-year suspended special dividend which weighed on investor op...

To continue reading this article...

Join Investment Week

  • 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


More on Global

iMGP Global Concentrated Equity fund

iM Global Partner launches global equity fund with Scharf

Same approach as Global Opportunity fund

clock 23 June 2022 • 1 min read
Fixed income is vital in fulfilling key functions, such as "diversification from equities, capital preservation and income".

Deep Dive: Pockets of hope for fixed income

'Easy to write off'

Elliot Gulliver-Needham
clock 17 June 2022 • 4 min read
Mike Scott is a credit manager at Man GLG

High yield ETFs and passives may struggle in new phase of the credit cycle

End of 146 month cycle

Mike Scott
clock 15 June 2022 • 3 min read