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Currency in GBP
Last close As at 07/06/2023
GBP8.88
▲ −1.00 (−0.11%)
Market capitalisation
GBP1,844m
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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Director, Investment Trusts
Nick Train
Fund manager
Simon Hayes
Chairman
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (2.2) | 0.3 | 12.1 |
| Relative | (0.4) | 4.3 | 13.1 |
| 52 week high/low | 920.0p/734.0p |
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.
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