Why does Nick Train continue to back Pearson?
Poor performance in the US has wiped out nearly all the gains Pearson’s share price managed to scrape in 2018. But star fund manager Nick Train has continued to hold on. Read on to find out why.
Nick Train has an eye for market-beating quality. His flagship Lindsell Train Global Equity Fund has risen 350% since its inception in 2011, more than double the return of the MSCI World Index in the same period. The strategy is relatively simple: buy shares in unwaveringly high quality companies – Unilever, Diageo and Heineken are his largest holdings – and hold onto them for 20 years.
Why he continues to back the beleaguered education group Pearson (LON:…
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