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Many investors divide companies into “value” stocks and “growth” stocks. But a more useful distinction might be between old companies and new companies. Max King explains why.
Following a period of significant underperformance Nick Train has explained his investment rationale
'For any investment trust that has a performance fee, the measure of success should be fair'
Train (pictured) and his business partner Michael Lindsell saw more than £700m pulled out of their funds in the first half of the year.
Nick Train, one of Britain's most well-known fund manager has seen his portfolio fall behind this year..