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Finsbury Growth & Income Trust (LSE: FGT)

Currency in GBP

Last close As at 28/11/2023

GBP8.24

▲ −3.00 (−0.36%)

Market capitalisation

GBP1,625m

Finsbury Growth & Income Trust’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 these criteria.

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Investment Companies | Review

Finsbury Growth & Income Trust — Performance getting back on track

Investment Companies | Review

Finsbury Growth & Income Trust — Confidence in long-term successful strategy

Investment Companies | Review

Finsbury Growth & Income Trust — Hopeful for better relative UK market performance

Investment Companies | Review

Finsbury Growth & Income Trust — Optimistic on prospects for quality UK companies
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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Nick Train

    Fund manager

  • Simon Hayes

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 4.0 (4.4) (4.3)
Relative 0.7 (6.0) (3.2)
52 week high/low 920.0p/792.0p

Overview

Finsbury Growth & Income Trust (FGT) has been managed by Nick Train since the beginning of 2001. Data from the company show that since then to the end of March 2023, the fund has outperformed the broad UK market by 4.3pp per year. Having experienced a difficult relative performance period due to shifts in market leadership, FGT’s results are getting back on track. The manager emphasises that he has continued to adhere to his long-term strategy of investing in high-quality growth companies that can thrive regardless of the economic cycle. Portfolio turnover is extremely low at around 3%, demonstrating that Train really does invest with a long-term perspective; the last new additions to the fund were Fevertree Drinks (Fever-Tree) and Experian in early 2020.

Research

Review

Investment Companies

Finsbury Growth & Income Trust — Confidence in long-term successful strategy

Review

Investment Companies

Finsbury Growth & Income Trust — Hopeful for better relative UK market performance

Investment Companies

Review

Finsbury Growth & Income Trust — Performance getting back on track
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