Lindsell Train Buys Into Prada

Silver-rated Lindsell Train Global Equity makes Italian fashion house its first purchase in just under two years

James Gard 5 September, 2019 | 11:38AM
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Prada fashion show

Star fund manager Nick Train, who is famous for his “buy-and-hold” ethos and small portfolio of high conviction names, has added Prada to the Silver-rated Lindsell Train Global Equity fund. A fund manager buying a stock is not normally news, but this is the first purchase by the fund house since Hargreaves Lansdown was added in October 2017.

Michael Lindsell, who co-founded the boutique fund house with Train, said the Italian fashion house has many of the qualities the fund looks for and is at significant discount to luxury rivals LVMH and Gucci.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Lindsell Train Global Equity B GBP Inc4.21 GBP-0.50Rating
Prada SpA50.20 HKD0.00Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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