Morningstar downgrades Nick Train's funds on capacity concerns
'Less nimble'
Morningstar has downgraded its ratings in Nick Train’s LF Lindsell Train UK Equity fund and Finsbury Growth & Income investment trust over capacity concerns.
The ratings agency said it had downgraded the ‘Acc' share class of the UK Equity OEIC from Gold to Bronze, and the trust from Gold to Silver. Analyst Peter Brunt said the sheer size of the strategy...
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