Finsbury Growth & Income Trust

LN: FGT

Market Cap£1,901m

Last Close 866p

FGT’s investment objective is to achieve capital and income growth and provide shareholders with a total return above that of the broad UK market index. It invests principally in the securities of companies either listed in the UK or otherwise incorporated, domiciled or having significant business operations within the UK, while up to a maximum of 20% of the portfolio, at the time of acquisition, may be invested in companies not meeting this criteria.

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Investment summary

Finsbury Growth & Income Trust (FGT) is managed by Nick Train, one of the founding partners of boutique investment firm Lindsell Train. While he is disappointed by the fund’s underperformance over the last 18 months, the manager emphasises that when things improve, it will not be due to a change in strategy or in the top positions, which all have multi-year holding periods. Train believes that there is potential for a relative catch-up by UK stocks given their significant underperformance compared with US and global indices, and the fact that the UK is home to a number of leading worldwide businesses that trade at a discount to their global peers.

Content on Finsbury Growth & Income Trust
Finsbury Growth & Income Trust – Optimistic on prospects for quality UK companies
Investment companies | research Review | 21 February 2022
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Finsbury Growth & Income Trust – Sticking to the successful long-term strategy
Investment companies | research Review | 8 June 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual 10.2 8.7 (5.9)
Relative* 5.6 7.4 (6.9)
52-week high/low 930.0p/734.0p
*% relative to local index
Key management
Simon Hayes Chairman
Nick Train Fund manager

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