Michael Lindsell: Tech and energy boom has hurt portfolio returns

Fund shrank 1.6% in October

Elliot Gulliver-Needham
clock • 1 min read

The recent underperformance of Lindsell Train’s £8.4bn Global Equity fund is partially due to the outperformance of energy and tech sector, according to co-manager Michael Lindsell.

 The vehicle, which is co-managed by Lindsell, Nick Train and James Bullock, has underperformed this year, seeing growth of just 1.1% year-to-date compared to 19.1% for the MSCI World index. While it has also struggled over three years relative to the performance of its benchmark, Lindsell Train Global Equity suffered a difficult October after it lost 1.6%, compared to the MSCI World's return of 3.9%.  The fund's monthly report, written by Lindsell, credits the strong performance of the tech and energy sectors as contributing to this gap. The fund holds only three tech companies and n...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot