Finsbury Growth & Income’s interim results for the six month period that ended on 31 March 2015 demonstrate why it is so popular with investors. The total returns on both net asset value and share price were 17.4% and 17.3% respectively while the return on the FTSE All-Share Index was just 5.3%. The first interim dividend was increased from 5.1p to 5.5p. They issued £54m worth of new shares to meet demand from investors and to keep the premium under control.
The report says the principal contributors to the Company’s net asset value performance were London Stock Exchange, Schroders and Sage Group. The fund manager also outlines his theory that investors in search of yield will turn to companies producing stable and attractive levels of dividend such as Unilever.
FGT : Finsbury Growth & Income powers ahead