Edison issues update on Finsbury Growth & Income Trust (FGT)

Train puts his money where his mouth is 14.05.2024, 14:47 Uhr von EQS News Jetzt kommentieren: 0

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Finsbury Growth & Income Trust PLC 7,46 GBP +1,63 % London

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 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 will continue with their successful long-term strategy of running a concentrated portfolio; Train’s philosophy is that wealth creation requires a concentrated approach, while diversification is necessary for wealth protection.

FGT retains its position as the top performing fund over the last decade in the 19-strong AIC UK Equity Income sector. An improvement in the trust’s shorter-term performance record could be rewarded with a higher valuation, as the trust’s current discount is wider than its historical averages.  

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All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally.

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Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5700 investmenttrusts@edisongroup.com

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1902845  14-May-2024 

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