Nick Train: the UK stock market has a dividend problem

Описание: Star investor Nick Train is the latest fund manager to be interviewed by our Collectives Editor Kyle Caldwell. In a wide-ranging interview, Train explains that there’s a tendency for some UK companies to over-prioritise dividends. He says this is one of the reasons why the performance of the UK stock market has disappointed over the past couple of years. For some holdings in his own portfolios – Lindell Train UK Equity and Finsbury Growth & Income – he has questioned senior executives on dividend policy, which has led to some firms slowing the rate of dividend growth.

Train also names his three simple tenets for stock market success, reveals that he has recently bought a new holding (only the third new holding since 2020), and explains why he is optimistic that better times are ahead for UK equities.

Lindsell Train UK Equity is a member of ii’s Super 60 list of recommended funds.

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