Lindsell Train funds breach UCITS concentration rules - reports
Individual holdings breach limits
The £6.7bn Lindsell Train Global Equity and £478m Lindsell Train Japanese Equity funds breached the European UCITS rules on portfolio concentration 11 times last year, according to research from The FT, with some individual holdings accounting for more than 10% of portfolios throughout 2019.
The 5/10/40 rule states holdings that have more than a 5% weighting must not collectively exceed 40% of the fund's overall assets. Individual holdings also cannot exceed a 10% allocation. The Dublin-domiciled...
More on Companies
Brooks Macdonald completes Lloyds' offshore wealth business acquisition
Deal was announced in June this year
Baillie Gifford's Charles Plowden to retire after 37 years with firm
Departs in April 2021
Architas shuffles investment team as Nevins departs
Raft of portfolio management changes
Quilter Investors hires 7IM deputy CIO
Ian Jensen-Humphreys joins as portfolio manager
More news
Ditch complex rise in normal minimum pension age - Quilter
'Unintended complexity'
One of the youngest British Steel victims: 24-year-old tells transfer tale
Transferred £50,000
Incisive Media welcomes Schroders as multi-channel sponsor of the Sustainable Investment Festival
Running sessions throughout June's inaugural event
