Edison Investment Research - Finsbury Growth Income Trust PLC (FGT) Finsbury Growth Income Trust - Performance getting back on track

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Edison Investment Research

Pedro Fonseca

Finsbury Growth & Income Trust - Performance getting back on track

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.

22/05/2023 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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Finsbury Growth & Income Trust - Performance getting back on track

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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