Fund in Focus: Lindsell Train UK Equity

Morningstar analysts explain why they have awarded Lindsell Train UK Equity a Gold Rating - and why it is suitable for a core holding in an investor's portfolio

Ruli Viljoen 23 January, 2015 | 3:43PM
Facebook Twitter LinkedIn

We believe CF Lindsell Train UK Equity benefits from the stewardship of an immensely talented UK equity manager.

Nick Train is an experienced, talented and pragmatic manager who has run this fund since launch. He has three decades of expertise, which cover a number of market cycles. He started his career as an investment manager at GT Management in 1981 and established Lindsell Train in 2000 together with his colleague Michael Lindsell. Train was appointed soon afterwards to run Finsbury Growth and Income, a closed-end fund managed to the same mandate as this fund. 

Train's process is thorough and well-proven over a number of market cycles and supports our conviction in the fund. It's an approach that's been applied consistently over the years and results in a concentrated portfolio. Train selects companies from the bottom up and looks for unique and strong franchises that can prosper through a number of business cycles. He sells a stock only if he no longer considers it of sufficient quality, or when its growth in value causes it to become too large a proportion of the portfolio, at which point he will trim it. 

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
LF Lindsell Train UK Equity Acc501.78 GBP-1.00Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement