Shareholders of a century-old fund managed by Nick Train have endorsed its investment strategy, providing a crucial reprieve for the star British stockpicker. The vote followed a period of underperformance, where Train’s concentrated bets on companies like Diageo and Unilever trailed broader market indices, sparking investor concerns.

The outcome signals that long-term investors remain committed to Train’s philosophy of backing quality UK and European companies with strong brands. This is a significant moment for the London-based fund, which has faced redemptions amid a difficult period for active stockpickers in a market dominated by passive funds.

Looking ahead, the fund’s survival gives Train time to execute his strategy without immediate pressure. The broader industry will watch whether his focus on consumer staples and resilient businesses can regain its former edge. For investors, the vote reaffirms patience over panic in volatile markets.