Lindsell Train Global Equity Inclusive - Class A - Income (GBP)

Nick Train and Michael Lindsell have managed a number of funds over the years, consistently out-performing their benchmark. Our analysis suggests stock selection has been the key driver of returns. Since the launch of the Global Equity Fund in 2011, performance has also been aided by a healthy weighting to the consumer goods sector, which has been one of the strongest performing sectors over recent years. The duo's relatively conservative investment approach tends to come into its own in falling markets, and, historically, tough market conditions are where they have tended to add the most value relative to the benchmark.

Lindsell Train's main philosophy is to run their clients' money as they'd run their own. They do this by taking a truly long-term view. The team believe there are a small number of exceptional companies with strong brands, excellent franchises and unique market positions. These can reward investors handsomely over the long term, in their view.

Train, Lindsell and Bullock search for well-run companies that are steadily growing and they think will keep growing. They've found most of these companies in industries like consumer goods, packaged foods and specialised finance services.

They invest in around 25-30 companies so that each one has the potential to make a meaningful contribution to performance, although this approach also increases risk. Once they've invested in a company they'll usually stay invested for the long-term. This means they rarely sell or make new investments.

The managers invest in companies from developed countries like the US, UK and Japan. They don't have any limits on how much to invest in a country though. They're focused purely on where they can find the best opportunities, regardless of where the company's based.

As an offshore fund you're not normally entitled to compensation through the UK Financial Services Compensation Scheme.