Lindsell Train : LTI

Research History

• 19 Jun 2020 2 min read

  QuotedData’s weekly roundup 19 June 2020

  James Carthew’s weekly news roundup show for Friday, 19 June, covers investing in batteries, Tritax Big Box REIT’s new shed for Amazon, the potential demise of Gabelli Value Plus+ (we always hated the ‘+’), why Lindsell Train’s managers should have taken the performance fee that they earned and European Opportunities big loss on Wirecard. It also […]

• 10 Mar 2020 10 min read

  QuotedData’s Investment Companies Roundup – March 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide  New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]

• 24 Jan 2020 28 min read

  QuotedData’s Investment Companies Annual Review – 2019

   In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]

• 10 Jan 2020 7 min read

  QuotedData’s investment companies roundup – January 2020

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Income Events  New research  Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]

• 10 min read

  QuotedData’s economic roundup – January 2020

  Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]

• 15 Oct 2019 10 min read

  Investment companies quarterly roundup – Third quarter 2019

  Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford  New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]

• 07 Oct 2019 7 min read

  QuotedData’s investment companies roundup – October 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September.  In […]

• 07 Aug 2019 4 min read

  QuotedData’s investment companies roundup – August 2019

  Investment Companies Roundup  New research Over July, we published notes on CQS New City High Yield, BlackRock Throgmorton, Strategic Equity Capital, Seneca Global Income & Growth, CG Asset Management, Standard Life Investments Property Income and Aberdeen New Dawn. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – appetite […]

• 12 Jul 2019 9 min read

  Quarterly investment companies roundup – Second quarter 2019

  Quarterly investment companies roundup – Second quarter 2019  QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]

• 05 Jul 2019 8 min read

  QuotedData’s economic roundup – July 2019

  Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]

• 4 min read

  QuotedData’s investment companies roundup – July 2019

  Investment Companies Roundup  New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and  Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – there was a greater appetite for risk in June as […]

• 07 Jun 2019 4 min read

  QuotedData’s investment companies roundup – June 2019

  Investment Companies Roundup  New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – it was notable that risk appetite was down in May as renewed […]

• 08 May 2019 4 min read

  QuotedData’s investment companies roundup – May 2019

  Investment Companies Roundup  New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – it was […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 15 Aug 2018 2 min read

  QuotedData’s investment companies roundup – August 2018

  QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]

• 18 Jul 2018 2 min read

  Quarterly Investment Companies Roundup – Second Quarter 2018

  QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]

• 11 Jul 2018 1 min read

  QuotedData’s investment companies roundup – July 2018

  QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]

• 25 Apr 2018 2 min read

  Quarterly investment companies roundup – First quarter 2018

  Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]

• 13 Mar 2018 2 min read

  QuotedData’s investment companies roundup – March 2018

  QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]

• 18 Jan 2018 2 min read

  QuotedData – 2017 review of the year

  QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside:  US markets hit new highs despite three interest rate rises.  Perceived low/no growth areas such as Europe and Japan burst into life.  Asia’s technology stocks surged.  India’s […]

• 11 Dec 2017 2 min read

  QuotedData’s economic round up – December 2017

  QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]

• 19 Oct 2017 2 min read

  Quarterly investment companies roundup – Third quarter 2017

  Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]

• 03 Aug 2017 2 min read

  QuotedData investment companies roundup – August 2017

  QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]

• 12 Jul 2017 2 min read

  QuotedData investment companies roundup – July 2017

  QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]

• 16 May 2017 2 min read

  QuotedData investment companies roundup – May 2017

  QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]

• 15 Mar 2017 1 min read

  QuotedData investment companies roundup – March 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup

• 14 Feb 2017 1 min read

  QuotedData investment companies roundup – February 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup

• 31 Jan 2017 1 min read

  QuotedData – 2016 review of the year

  Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup

• 07 Dec 2016 1 min read

  QuotedData investment companies roundup – December 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup

• 1 min read

  QuotedData’s round up of views on the global economy – December 2016

  QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup

• 08 Nov 2016 1 min read

  QuotedData investment companies roundup – November 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2  

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

News

• 15 Jun 2020 3 min read

  Lindsell Train outperforms, again

  Lindsell Train outperforms, again – Over the year to the end of March 2020, Lindsell Train posted a 9.8% return on NAV, well ahead of the 4% return on its benchmark. However, tthe shares began the year at £1,475, a 65% premium to NAV, rose to a premium of 100% (reaching £2,000 per share), only to fall […]

• 12 Jun 2019 7 min read

  Lindsell Train reiterates premium health warning

  Lindsell Train reiterates premium health warning – Lindsell Train has published results for the year ended 31 March 2019. The company uses “The annual average running yield on the longest-dated UK government fixed rate bond (currently UK Treasury 3.5% 2068) calculated using weekly data, plus a premium of 0.5%, subject to a minimum yield of 4.0%.” […]

• 11 Dec 2017 1 min read

  Investment Trust Insider on Blue Prism’s inexorable rise

  Investment Trust Insider on Blue Prism’s inexorable rise Carthew: the beneficiaries of Blue Prism’s inexorable rise Occasionally, early stage technology companies can produce spectacular share price gains. When this happens, even relatively small investments can make a noticeable difference to a fund’s returns. Regular readers of my column may recall that I wrote about the […]

• 27 Feb 2017 1 min read

  Nick Train: Why I’m still holding Pearson

  Nick Train, one of Britain’s best-known fund managers, has acquired something of a cult following among retail investors and financial advisers in the UK. In the three weeks after meeting Mr Train, I come across two PR executives, one asset management chief executive and several friends who confide they have invested a chunk of their […]

• 07 Feb 2017 1 min read

  All trust sectors bar one made money in ’16

  UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here

• 24 Nov 2016 2 min read

  Lindsell Train’s NAV benefits from stake in expanding management company

  Lindsell Train says it has continued to make good progress in the first six months of the current financial year. Its net asset value per share (adjusted to take into account the payment of the dividend in September) was up 24.5% compared to a rise in the benchmark of 2.0% and in the MSCI World […]

• 15 Nov 2016 1 min read

  UIL, Industrial Multi Property Third Quarter Winners – QuotedData

  LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]

• 10 Jun 2016 2 min read

  Lindsell Train powers ahead driven by management company

  Lindsell Train has announced results for the year ended 31 March 2016. In a year when the company’s net asset value total return per share increased by 11.9%, the share price (adjusted to include dividends) was up by 35.6%. This resulted in a significant increase in the share price premium to NAV, up from 5.9% […]

• 31 Mar 2016 1 min read

  Lindsell Train amends management fee

  The Board of Lindsell Train Investment Trust has announced that it has agreed with Lindsell Train Limited an amendment to the calculation of the investment management fee described in the Investment Management Agreement dated 13 August 2014. Under the current Investment Management Agreement, Lindsell Train Limited as the manager is entitled to receive an investment management […]

• 27 Nov 2015 1 min read

  Lindsell Train warns on dangers of very high premium

  Lindsell Train Investment Trust’s interim report, covering the six months to the end of September 2015, shows the fund moving to a significant premium. Today this is 34%. The Chairman’s statement reiterates previous warnings to new investors of the dangers of buying stock at very high premiums. The net asset value just about beat the benchmark – […]

• 22 Jul 2015 1 min read

  Discount trends, big names big prices

  http://www.moneyobserver.com/news/21-07-2015/discount-trends-big-names-big-prices Investment trusts with big name managers saw their share prices soar over the second quarter as investors sought out the best active management.    

• 1 min read

  The Investment Trust winners and losers in Q2

  UK smaller companies funds feature quite prevalently in the lists on the back of a decisive election result in the UK and some funds close to the end of their lives made significant progress during the quarter for stock specific reasons. http://whichinvestmenttrust.com/the-investment-trust-winners-and-losers-in-q2/

• 16 Jul 2015 1 min read

  Small company investment trusts got election boost

  Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]

• 10 Jun 2015 2 min read

  Strong performance from Lindsell Train on growing FUM

  Lindsell Train has reported a 27.9% return on net assets and a 23.9% return to shareholders for the year to the end of March 2015. These numbers compare well to a 3.8% return on the fund’s benchmark and a 19.7% return on the MSCI World Index. They say that, once again, the main contribution to […]

• 24 Nov 2014 1 min read

  Lindsell Train insures their key men

  LTI : Lindsell Train insures their key men Over the six months to the end of September 2014 the total return on Lindsell Train’s net asset value was 8.7% – a lot better than its benchmark (the index of the annual average yield on the UK 2.5% Consolidated Loan Stock) which returned 2.1% and better […]

• 24 Jun 2014 1 min read

  Lindsell Train Investment Trust : LTI – results

  Lindsell Train Investment Trust has published results for the year that ended 31 March 2014. These show that the net asset value return for the year was 13.0% vs. 4.3% for the fund’s benchmark and 9% for the MSCI World Index (in Sterling terms). The share price did even better – generating a return of 16.0% […]

In The Press

• 07 Feb 2019 1 min read

  Investment Trust Insider on the past decade

  Investment Trust Insider on the past decade – James Carthew: the constant evolution of investment trusts A decade ago, when we were emerging from the global financial crisis, I was managing Advance UK Trust and Citywire was just 10 years old. All of this seems like a long time ago now. Recently, I found a Winterflood […]

• 09 Jan 2019 1 min read

  Investment Trust Insider on 2018

  Investment Trust Insider on 2018 – Lindsell Train leads best and worst investment trusts of 2018 (NB the headlines are devised by Citywire!!) 2018 is attracting headlines as the worst year for markets since 2008. However, for the investment trust industry, there was much to celebrate. This was certainly the case for the new issue market […]

Data