Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

LF Lindsell Train UK Equity Income (GBP)

Sell:334.17p Buy:334.17p Change: 2.00p (0.60%)
Prices as at 17 June 2019
Sell:334.17p
Buy:334.17p
Change: 2.00p (0.60%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 17 June 2019
Sell:334.17p
Buy:334.17p
Change: 2.00p (0.60%)
Prices as at 17 June 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund features on our Wealth 50 list of what we believe are the best funds in each sector.

Nick Train is a fund manager we rate extremely highly. We think he's got a knack for investing in companies with outstanding prospects and we see this fund as a great way to access his best ideas from across the UK stock market. He's got a unique investment approach which has led to a long history of strong performance but this should not be seen as a guide to future returns.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

Nick Train has managed a few funds over the years and they've performed better than their benchmarks more often than not. We put this down to his ability to invest in companies that have gone on to perform well. Since the launch of the Lindsell Train UK Equity Fund in July 2006, performance has been outstanding. It's been helped by a focus on the consumer goods sector, one of the strongest performing areas over this period.

Nick Train's relatively conservative investment approach tends to come into its own in falling markets. Recently though, the manager has also performed well during more buoyant times, although of course this is not guaranteed to continue.

Investment Philosophy

Nick Train invests clients' money as if it was his own and takes a long-term view on investment performance. He thinks there are a small number of exceptional companies with strong brands, loyal customers and the ability to grow profits year after year.

Process and Portfolio Construction

Nick Train tends to find lots of high quality companies in the consumer goods, consumer services and financial sectors and the fund is focused on these areas. He also tries to invest in companies able to benefit from long-term themes like rising demand for goods and services in developing markets and the growing importance of digital technology in our day to day lives.

The manager tends to hold between 20 and 30 companies so each one can form quite a big part of the portfolio and have a significant effect on returns. This, combined with the manager's freedom to invest in smaller companies, adds risk.

Please note the fund currently holds shares in Hargreaves Lansdown PLC.

question mark Manager Track Record Based on HL Quantitative Research

  • GT Income
  • FTSE All-Share TR
  • M&G UK Select A Acc Old
  • Finsbury Growth & Income (with...
  • LF Lindsell Train UK Equity Acc
  • FTSE All-Share TR
FROM: TO:


Fund Track Record

14/06/14 to 14/06/15 14/06/15 to 14/06/16 14/06/16 to 14/06/17 14/06/17 to 14/06/18 14/06/18 to 14/06/19
Annual return 14.62% 3.75% 25.16% 10.62% 9.96%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Lindsell Train specialises in the management of UK Equity, Japanese Equity and Global funds and investment trusts. The group was established in 2000 by Michael Lindsell and Nick Train, whose central philosophy is to manage their clients' money as they would their own, and to take the long-term view on investment performance as well as the development of their business.

Lindsell Train continues to be majority owned (73%) by the two founders, with a further 2% owned by staff. This is important because it allows them to maintain the integrity of the business principles on which the firm was founded.

Information about the fund

Fund manager biography

manager photo
Manager Name: Nick Train
Manager start date: 10 July 2006
Manager located in: London

Nick Train is Investment Adviser to Finsbury Growth & Income Trust PLC, and Investment Adviser to the CF Lindsell Train UK Equity Fund and Lindsell Train Global Equity Fund. Nick Train was with GT for 17 years where he successfully managed the GT Income Fund for some 13 years. Subsequently he spent two years with M&G (and was appointed Head of Global Equities), leaving to form Lindsell Train with Michael Lindsell in December 2000.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account