Lindsell Train funds breach UCITS concentration rules - reports

Individual holdings breach limits

Lauren Mason
clock • 2 min read

The £6.7bn Lindsell Train Global Equity and £478m Lindsell Train Japanese Equity funds breached the European UCITS rules on portfolio concentration 11 times last year, according to research from the Financial Times, with some individual holdings accounting for more than 10% of portfolios throughout 2019. The 5/10/40 rule states holdings that have more than a 5% weighting must not collectively exceed 40% of the fund's overall assets. Individual holdings also cannot exceed a 10% allocation. The Dublin-domiciled Lindsell Train Global Equity fund, which has been managed by Michael Lindsel...

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