Update: A concentrated portfolio with a convincing record
Finsbury Growth & Income Trust (FGT) is differentiated by its concentrated portfolio, low turnover (c 6% a year over 13 years) and strong long-term record of outperformance. Manager Nick Train looks to buy mainly UK companies with strong brands and intellectual property, and hold them for the very long term to achieve growth in both capital and income. The trust has increased in size significantly over the past three years, with an active programme of share issuance to manage the premium to net asset value.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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