Finsbury Growth & Income Trust - Hopeful for better relative UK market performance
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.Finsbury Growth & Income Trust is an investment trust company. Co.'s investment policy is to invest principally in the securities of U.K. listed companies, whilst up to a maximum of 20.0% of its portfolio, at the time of acquisition, can be invested in quoted companies worldwide. The portfolio will normally comprise up to 30 investments. Co. has appointed Frostrow Capital LLP (Frostrow) as alternative investment fund manager to provide company management, company secretarial, administrative and marketing services. Co. and Frostrow have jointly appointed Lindsell Train Limited as portfolio manager.
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