It was a fascinating — and long — mea culpa I read today from top London stock picker Nick Train, director of Lindsell Train, which manages the portfolio for the listed Finsbury Growth & Income Trust.
The trust invests largely in UK equities, three cheers for that, but has underperformed its benchmark, the FTSE All-Share Index, over the six months to the end of March. No wonder Mr Train admitted that his half-year review was “difficult” to write.
