Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Why Nick Train sees more gains for the LSE

Why Nick Train sees more gains for the LSE

AAA-rated equity star Nick Train is hopeful of continued gains in London Stock Exchange (LSE) shares, even after an 11% jump in December after striking a deal with LCH Clearnet.

Train (pictured) pointed out the new agreement allows LSE to snap up a majority stake in Clearnet and should bring about efficiency savings to boot.

This should translate into a continued rise of its shares, Train said, particularly if market activity improves.

'The 33% gain in the shares of the Osaka Securities Exchange in December alone (held in other LT accounts) shows what can happen to the value of quoted stock markets when promised efficiency gains combine with renewed optimism for a given market and a pick-up in dealing volumes,' Train said, pointing to Osaka's decision to merge with the Tokyo exchange.

'There should be more such gains for LSE, especially if market activity improves,' the manager added, and this should be good news for his CF Lindsell Train UK Equity fund, where LSE accounts for 6% of its net asset value.

Over the past three years, Train's shrewd calls on UK stocks have gone down well with investors and have seen Train return 68.6% versus 28.2% by the FTSE All-Share Index, according to Citywire data.

Train has also outperformed relative to the average UK equity manager.  While Train has delivered 68.6%, his typical UK all companies peer has returned 27.8% in three years.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Rathbones' Smith on China's economic hegemony ambitions

Rathbones' Smith on China's economic hegemony ambitions

Discussing China's saving problem, Ed Smith argues that if the country opens up there will be an outflow of capital.

Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Read More
Wealth Manager on Twitter