During global market uncertainty, Lindsell Train Investment Trust (LTI) and its manager, Lindsell Train Limited (LTL), have generally performed well as investors look for stable cash flows. Some holdings, especially in consumer staples, have been defensive during recent periods of market volatility linked to the Iran war. However, concerns about the impact of artificial intelligence (AI) on software and data businesses have negatively affected both LTI and LTL. This has been most noticeable w ....