Lindsell Train Trust to Cut Fees After Outperformance

Lindsell Train Investment Trust has netted a £2.4 million performance fee after stellar performance - but the trust will cut its fee this summer. 

James Gard 12 June, 2019 | 2:30PM

Nick Train

Lindsell Train has pocketed a £2.43 million performance fee after the investment trust reported a 45% increase in its share price, but will cut its annual charge from July.

Five star-rated investment trust Lindsell Train (LTI) is the closed-end version of the popular UK and Global unit trusts. As well as a leap in its share price in the past financial year, it saw a 23% increase in the NAV.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
LF Lindsell Train UK Equity D Acc155.99 GBP-0.10
Lindsell Train Global Equity B GBP Inc3.37 GBP1.75
Lindsell Train Ord1,125.37 GBP1.84

About Author

James Gard  is content editor for Morningstar.co.uk

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