Lindsell Train Ltd, an investment management company, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. The objective of the fund is to achieve both capital and income growth, aiming for a total return that exceeds the MSCI North America Index (GBP). This will be accomplished by investing a minimum of 80% of its assets directly in the stocks of North American companies. The fund returned 2.9% in the September quarter compared to 0.0% for the...
Here’s Lindsell Train North American Equity Fund’s Thesis on T. Rowe Price Group (TROW)
