Nick Train

Parent company accounts for half the trust's assets

Individual holdings breach limits

Increases holding to 50.2% of investment trust

'The right thing to do'

Added to Asia and luxury spending holdings in UK and global equity funds

Most successful managers take a trip down memory lane

Share price dropped by 3.5%

Fund will stay on Super 60 list

Cites 'broader opportunity set' than UK market

Less nimble