Lindsell Train hails LSE prospects as global equity fund lags benchmark in March

PayPal's share price fell 26% at the start of the year, which Lindsell Train attributed to management being penalised for "signalling a focus on the retention of higher value users at the expense of higher growth." It remains the fund's number one detractor for the second consecutive month. Nick Train(pictured) also has a 3.7% allocation to PayPal in his investment trust (LTIT). According to the report, American financial software company Intuit had a "slower than expected start to its tax season", as HL's investment resulted in a two-year suspended special dividend that weighed on in...