Lindsell Train Investment Trust (ticker: LTI) was launched in 2001 and is run by Nick Train. It holds a concentrated global portfolio of quality-focused equities, plus around a quarter of the shares of Lindsell Train Limited, the management firm for all of Lindsell Train's funds. The latter initially made up only a small proportion of net assets, but as Lindsell Train's funds under management soared to over £20bn, it grew to represent nearly half of the trust's portfolio, and LTI's shares traded at a substantial premium to NAV in anticipation of further asset growth. The shares peaked at £20 i...
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Stuart's fund profile this week features Cordiant Digital Infrastructure. You can watch a recording of Simon and myself discussing the investment trust sector in a recent half hour programme for Asset TV, although much of the ground we cover will, I think, already be familiar to you (link here). I should also mention again for new subscribers that our news and data page provides a comprehensive list of all investment trust news each week, with direct links to the relevant stock exchange announcements, saving you the trouble of having to track down each one individually.
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Lindsell Train Investment Trust (LTI) has been the second-best performing investment trust over the last decade with an annualised share price return of 25.6% a year, only a little behind Scottish Mortgage's 26.9%. And since LTI launched in January 2001, it's up nearly 25-fold. A unique feature is that nearly half the trust's assets consist of a stake in Lindsell Train Limited, the portfolio manager for all of Lindsell Train's funds and the firm's two founders, Michael Lindsell and Nick Train, are now in their early 60s so management succession has become a key consideration.
Lindsell Train L...
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