Lindsell Train IT beats benchmark

Lindsell Train Investment Trust's net asset value per share rose by 24.5% on a total return basis in the six months to the end of September.

This compared to a rise in the benchmark of 2.0% and in the MSCI World Index (in sterling) of 17.2%.

Chairman Julian Cazalet said: "Although the holding in Lindsell Train Limited ('LTL') was not the best performing asset - that accolade was taken by Nintendo, with a stunning price rise of 82% - its value nevertheless was up by 40% (total return).

"By dint of LTL's large weighting within the portfolio - 35.6% of NAV - it was once again the biggest positive contributor to returns."