Edison Investment Research - Finsbury Growth Income Trust PLC (FGT) Finsbury Growth Income Trust - Optimistic on prospects for quality UK companies

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Edison Investment Research

Pedro Fonseca

Finsbury Growth & Income Trust - Optimistic on prospects for quality UK companies

Finsbury Growth & Income Trust (FGT) is managed by Nick Train, one of the founding partners of boutique investment firm Lindsell Train. He is optimistic on the current outlook for UK equities, all the more so given several years of relative underperformance; in particular, the manager believes that global investors are underestimating the level of technological innovation within the UK corporate sector. While FGT’s relative performance has lagged that of its peers and the UK market in recent months, a period that followed positive COVID-19 vaccine news last November, Train has a very commendable long-term record. This has been achieved by following a buy-and-hold strategy, focusing on specific sectors and a select number of companies that he believes have superior long-term earnings and dividend growth potential as a result of their unique brands and franchises.

21/02/2022 1 EN

Underlying

Finsbury Growth & Income Trust PLC

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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GB0007816068 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Edison issues update on Finsbury Growth & Income Trust (FGT): Train puts his money where his mouth is

Edison Investment Research Limited Edison issues update on Finsbury Growth & Income Trust (FGT): Train puts his money where his mouth is 14-May-2024 / 13:47 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 14 Mai 2024 Edison issues update on Finsbury Growth & Income Trust (FGT): Train puts his money where his mouth is Finsbury Growth & Income Trust (FGT) has been managed by Lindsell Train since the beginning of 2001. During his long tenure, approaching a quarter of a century, lead manager Nick Train has steadily acquired a signifi...

May 14, 2024 May 14, 2024 1 EN

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Finsbury Growth & Income Trust - Train puts his money where his mouth is

Finsbury Growth & Income Trust (FGT) has been managed by Lindsell Train since the beginning of 2001. During his long tenure, approaching a quarter of a century, lead manager Nick Train has steadily acquired a significant 2.9% personal holding in the trust, which is a considerable amount of ‘skin in the game’. From the beginning of 2001 until the end of 2023, FGT’s 9.0% annual NAV total return was comfortably ahead of the UK market’s 5.1% annual total return. However, Train and deputy manager Madeline Wright, who was appointed in 2019, have underperformed for the last three years. The managers ...

May 14, 2024 May 14, 2024 1 EN

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Finsbury Growth & Income Trust - Optimistic on prospects for quality UK companies

Edison issues update on Finsbury Growth & Income Trust (FGT): Train puts his money where his mouth is

Finsbury Growth & Income Trust - Train puts his money where his mouth is

Finsbury Growth & Income Trust: 1 director

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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