Lindsell Train Global Funds plc - Lindsell Train Japanese Equity Fund B Sterling Quoted Distributing
£2.0318
£-0.002 (-0.09%)
LTJSI
B7FGDC4
IE00B7FGDC41
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Our view
Lindsell Train Japanese Equity is managed by a team of five. Michael Lindsell is the portfolio manager and has over 30 years’ experience in investment management. Before founding Lindsell Train he spent seven years at GT Management, first as CIO in their Tokyo office, then in London with responsibility for all GT’s global and international funds.
The process is restricted to investing in those companies that are durable and have two key characteristics - a high and stable return on capital and low capital intensity. The resultant portfolio is non-cyclical sector focused with a dividend yield higher than the market average. The fund does not own highly cyclical stocks so will underperform in a rising market. We should expect long term outperformance but short term periods may be well under benchmark due to the concentrated nature of the fund.