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...
Deal was announced in June this year
Departs in April 2021
Raft of portfolio management changes
Ian Jensen-Humphreys joins as portfolio manager
Running sessions throughout June's inaugural event