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Why would an ETF hold shares in itself and what are the implications?

ETF portfolio

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Lindsell Train Investment Trust could be different than the "Lindsell Train Limited", the company that runs the fund and thus you are mixing apples and oranges here since the bank isn't a listed stock.

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  • Good catch, JB!
    – keshlam
    Commented Jan 5, 2016 at 17:11

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