Lindsell Train 'took advantage' of coronavirus sell-off panic

In the January factsheet for the £6.6bn LF Lindsell Train UK Equity fund, manager Train said it had been "a difficult month to get a handle on, as coronavirus began to predominate investor thinking". He said there were "predictable beatings" for Burberry, which fell more than 11%, Remy Cointreau, which was down over 13%, and Diageo which lost nearly 6%, but that "we took advantage of the panic to add to each". Train said: "We did so not because we have any insight into the severity and duration of the epidemic. Instead, because we have been rewarded more often than not during previous...