Lindsell Train, the UK fund management boutique, has come top of a list of the best performing equity funds for 2018, fending off competition from international rivals that manage billions more in assets.

According to data from FE Trustnet, the Lindsell Train Global Equity fund – managed by Michael Lindsell, Nick Train and James Bullock – has returned 11.4% since the start of the year, putting it top of the Investment Association’s Global Equity sector.