Lindsell Train supports LSE

STAR fund managers Michael Lindsell and Nick Train have attempted to soothe investors’ nerves after the London Stock Exchange’s blockbuster takeover of Refinitiv sparked worries.

The pair, who own a 4.2pc stake in the LSE split across various Lindsell Train funds, signalled they would be willing to throw more money behind the newly enlarged company in the hope of reaping even bigger rewards.

While Lindsell Train’s holding in the LSE has served it well over the last few years as shares have rocketed, the stake is causing concern for some savers who entrust the fund managers with their money.

Analysts have speculated that the LSE may have bitten off more than it can chew with the £20bn Refinitiv merger, after the exchange group flagged unexpectedly high costs of integrating data firm into the business. But Lindsell Train’s investment team urged clients ‘not to lose sign of the strategic benefits of the deal’.