Latest news with #LindsellTrain
Times
22-05-2025
- Business
- Times
Why I'm backing the firm I can see from my window
For younger investors like me, it's hard to imagine a time when having most of your investments in the US and other global markets was against the norm. The S&P 500 — the US's main market — is the backbone of many portfolios. US stocks make up between 60 and 70 per cent of most global tracker funds. Even the fund Lindsell Train Global Equity, known for being underweight in the US, has about 40 per cent of assets in the States (the largest allocation by country). But only about two decades ago most UK savers would have had a very different stock market at the centre of their asset allocation. Historically, investors and wealth management companies had what is known as 'home bias': a
Times
14-05-2025
- Business
- Times
Lindsell Train founders take £23m in dividends despite profit slide
The two founders of the Lindsell Train fund management business took home about £23 million in dividends last year despite a slide in profits as investors pulled money from the group. Michael Lindsell and Nick Train, the more high profile of the pair, are among Britain's best-known stockpickers but their eponymous company has come under pressure in recent years because of the flagging performance of some of its funds. The latest accounts for the business filed at Companies House showed its fee revenues fell by almost a fifth to £69.1 million in the 12 months to the end of January after client withdrawals knocked its assets under management to £12.8 billion, from £15.9 billion a year earlier. It said that these fund outflows were 'predominantly
