Cherry Reynard talks to Nick Train, manager of the CF Lindsell Train UK Equity fund, about his resolute buy-and-hold policy.
While other managers fret about whether it is time to move into cyclicals or small-caps, Nick Train aims to focus on the long-term. The very long-term. Ideally, he would never sell, though occasionally overvaluation or a change in the corporate story will force him to. Train believes he has built a portfolio of long-term winners and sees no reason to be distracted by short-term noise. He runs two funds. The CF Lindsell Train UK Equity fund currently sits fifth in the UK All Companies sector over five years, having delivered a return around 70% higher than the average peer. He also ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes