- Nick Train talks to the IC about the state of the UK market and his portfolios
- There's no magic bullet for the UK's problems but there is value to be found
With the FTSE in the doldrums for much of the past decade it has become common for UK equity managers to either trumpet the bargains on offer or lament the fact that investors are looking elsewhere. Few, however, have openly sympathised with those looking to find better opportunities in other markets.
Such an intervention by Nick Train, possibly the best-known UK equity manager, came as a breath of fresh air earlier this year. Train, who has delivered rich long-term returns via his £4.1bn WS Lindsell Train UK Equity Fund (GB00BJFLM156) and £1.6bn Finsbury Growth & Income trust (FGT), said he was “sympathetic” towards UK pension funds that had divested from domestic shares.