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

LSE “unique role to play” in ESG compliance

clock • 2 min read

Paypal, Intuit and Hargreaves Lansdown (HL) drove down performance on Lindsell Train’s global equity fund in the first quarter of the financial year, as it ended March lagging its benchmark 1.2%, according to the firm’s latest fund report.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers say 'cash returns don't cut it' as equity exposure soars

Advisers say 'cash returns don't cut it' as equity exposure soars

Three quarters of advisers have helped clients increase equities exposure

Hope Coumbe
clock 14 June 2024 • 1 min read
Goal progression: What matters most to younger investors

Goal progression: What matters most to younger investors

Many advisers are trying to win over and retain more younger clients

Gordon Titman
clock 13 June 2024 • 4 min read
Darius McDermott: What will be the catalyst for real assets?

Darius McDermott: What will be the catalyst for real assets?

Real assets are providing increasingly important in the AI boom

Darius McDermott
clock 07 June 2024 • 4 min read