Overview
Finsbury Growth & Income invests in the shares of predominantly UK-listed companies, with the objective of achieving capital and income growth. The manager’s approach is based on that of Warren Buffett’s and involves building a concentrated portfolio of “quality” companies that have strong brands and/or powerful market franchises. The bulk of these are UK companies. This leads to a very different portfolio when compared to the benchmark FTSE All-share Index.
you can access the trust’s website here
Fundamentals
Price
Research History
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28 Jun 2024 1 min read
Interview with Nick Train from Finsbury Growth & Income Trust
In this week’s show, Matthew Read spoke to Nick Train from Finsbury Growth & Income Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you […]
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13 Oct 2022 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022
Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]
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08 Jun 2020 8 min read
QuotedData’s Economic Roundup – June 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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15 Apr 2019 6 min read
Quarterly Investment Companies Roundup – First Quarter 2019
Quarterly Investment Companies Roundup – First Quarter 2019 QuotedData news Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 Jun 2018 1 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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03 Aug 2017 1 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
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16 Dec 2013 1 min read
Quoted Fund weekly issues and repurchases
Each week we’ll let you know which funds are growing and which are shrinking – please see the attached pdf: 131216-issues-and-repurchases
News
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05 Dec 2024 2 min read
QuotedData’s morning briefing 5 December 2024 – FGT, DNE, GPM, CREI, GR1T
In QuotedData’s morning briefing 5 December 2024: Following yesterday’s announcement of a potential continuation vote for Finsbury Growth and Income (FGT), portfolio manager Nick Train spent £223k on 25,000 shares in the company, taking his holding to 5,485,043 shares or 3.5% of the trust. Dunedin Enterprise (DNE), which has been in managed wind down for […]
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04 Dec 2024 5 min read
Challenges continue for Finsbury Growth & Income Trust leading to continuation vote in 2026
Finsbury Growth & Income Trust (FGT) announced its annual results for the year ended 30 September 2024. The company delivered a NAV total return of 8.2% compared with a benchmark total return of 13.4%. The share price return over the same period was 3.4%, reflecting a widening of the discount to NAV which was 8.5% […]
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09 Aug 2024 1 min read
QuotedData’s weekly news show 9th August 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Finsbury Growth & Income (0:23) This week’s interview was with Matt Cable from Rights & Issues – watch it again here.
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1 min read
Hargreaves Lansdown bid to boost Finsbury Growth and Income
Hargreaves Lansdown has announced that it is recommending a cash offer for the company at 1140 pence per share. The bidder is Harp Bidco Limited, which is backed by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp (acting through its general partner, Nordic Capital XI Delta GP SARL) and Platinum Ivy B 2018 RSC Limited. […]
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28 May 2024 1 min read
QuotedData’s morning briefing 28 May 2024 – FGT, IIP
In QuotedData’s morning briefing 28 May 2024: Finsbury Growth & Income Trust (FGT) announced its interim results for the six months ended 31 March 2023. The company’s NAV total return was 5.9% while shares were up 2.7%, underperforming its benchmark index which rose 6.9% over the same period. The principal contributors to the company’s net […]
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07 Dec 2023 3 min read
Third year of underperformance for Finsbury Income and Growth
The 12 month period ended 30 September 2023 was not a great one for Finsbury Growth and Income. It is reporting an NAV return for the period of 7.2% and a share price return of 7.5% which compare to an All-Share return of 13.8%. This is now the third consecutive accounting period where the trust […]
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27 Jan 2023 7 min read
BlackRock Sustainable American Income hit by a combination of headwinds
BlackRock Sustainable American Income (BRSA) has published its annual results for the year ended 31 October 2022. During the period, BRSA provided NAV and share price total returns of 7.4% and 3.6% respectively, thereby underperforming its reference index , the Russell 1000 Value Index, which BRSA says provided a total return of 10.7% over the […]
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09 Dec 2022 4 min read
QD view – Finsbury Growth and Income – time to jump aboard the Train?
This week, we’ve had annual results Finsbury Growth and Income (FGT), which I thought presented an opportunity to have a look at how the trust is doing and reflect upon our previous observations of the manager’s style. For most readers, FGT needs little introduction. It is a household name in the investment trust space, having […]
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08 Dec 2022 3 min read
Finsbury Growth and Income reports on second year of underperformance
Finsbury Growth and Income lagged the return on its All-Share index benchmark over the 12 months ended 30 September 2022, returning -5.8% to the index’s -4.0%. The return to shareholders was -5.6%. This follows on from more significant underperformance in the prior accounting year. £76m worth of shares were bought back in an effort to […]
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16 May 2022 3 min read
QuotedData’s morning briefing 16 May 2022
In QuotedData’s morning briefing 16 May 2022: Finsbury Growth & Income (FGT) has posted its unaudited half year results for the six months to 31 March 2022. During the period, the NAV total return was -2.2% and the share price total return was -3.0%. The benchmark rose by 4.7%. Despite this, manager Nick Train (pictured) […]
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15 Dec 2021 9 min read
Disappointing year for Finsbury Growth and Income
Disappointing year for Finsbury Growth and Income – Finsbury Growth and Income (FGT) has posted its full-year results for the 12 months to 30 September 2021. During this period its NAV return was 10.6% while its share price total return was 6.3%, significantly underperforming its benchmark. The chairman highlighted that the manager’s investment approach involves […]
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24 Sep 2021 3 min read
QD view – ranking UK equity income trusts
We had results this week from two of the giants of the UK equity income sector. The City of London Trust, which has been managed for 30 years by Job Curtis at Janus Henderson, celebrated its 55th consecutive year of dividend increases. Rival, Murray Income can ‘only’ boast a 48-year track record of consecutive dividend […]
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09 Jul 2021 3 min read
QD view – is football coming home? Plus QuotedData’s Euro 2020 quiz
The last few weeks have given English football fans – and probably non-football fans alike – a much-needed boost of energy and excitement after 18 months of on-and-off staying at home. After Wednesday’s Euro 2020 semi-final against Denmark, which saw England win 2-1 and make history by reaching its first major men’s final since 1966, […]
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18 Jun 2021 2 min read
QD view – step off the train?
The world is a different place than it was 18 months ago. COVID-19 and the ramifications of the lockdowns used to contain it have changed the investment landscape considerably. In a relatively short period of time, we have gone from concerns that we were approaching the tail end of a long bull market, to a […]
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10 May 2021 1 min read
QuotedData’s morning briefing 10 May 2021
In QuotedData’s morning briefing 10 May 2021 – From last Friday: we had interim results from Finsbury Growth & Income (FGT) to 31 March 2021, including a 2.2% total NAV return and a 3.7% return to shareholders. Performance was below the benchmark FTSE all-share index return of 18.5%. However, manager, Nick Train noted that “when you look […]
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09 Apr 2020 2 min read
Where next for Perpetual Income shareholders?
One of the bigger news stories of the week in investment companies was Perpetual Income & Growth’s decision to remove Mark Barnett as manager and invite offers for the management contract. Interested parties have until 5pm on 17 April to throw their hat into the ring. One of the more bizarre reactions to this was […]
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18 Dec 2019 1 min read
Another great year for Finsbury Growth
Another great year for Finsbury Growth – Finsbury Growth and Income’s net asset value total return per share for the year ended 30 September 2019 was 17.4%, matched by its share price total return. Both significantly outperformed the All-Share Index, which returned 2.7% over the same period. Dividends totalled 16.6p for the year, an increase of 8.5% but putting […]
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26 Jul 2019 1 min read
Nick Train’s Finsbury Growth and Income Trust revises its fees
Finsbury Growth and Income Trust, managed by veteran fund manager Nick train, has announced amendments to the fee arrangements for: the Company’s Alternative Investment Fund Manager (Frostrow Capital LLP); and the Company’s Portfolio Manager (Lindsell Train Limited). The changes come into effect immediately. Frostrow Capital’s fees Frostrow Capital LLP will receive an annual fee of 0.15% […]
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18 Dec 2018 1 min read
Finsbury Growth and Income extends run of outperformance
Finsbury Growth and Income extends run of outperformance – net asset value return per share for the year was 13.1% and the share price total return 13.2%. Both have again significantly outperformed the benchmark, the All-Share Index, measured on a total return basis, which rose by 5.9% over the same period. The principal contributions to net […]
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14 Dec 2017 2 min read
Finsbury Growth outperforms again
Finsbury Growth outperforms again – Finsbury Growth & Income Trust’s net asset value return per share for the year was 13.7% (2016: 20.6%) and the share price total return was 14.2% (2016: 20.8%). Both outperformed the benchmark, the All-Share Index, measured on a total return basis, which rose by 11.9%. The total dividend for the year […]
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09 May 2017 1 min read
Investment Trust Insider on TR Property
Many investors have a bias against funds of funds because they charge management fees on top of the fees being paid to the managers of the funds in their portfolios. Often though, these funds do produce decent performance. One listed fund of funds exemplifies this situation – TR Property (TRY) managed by Marcus Phayre-Mudge only […]
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13 Dec 2016 1 min read
Finsbury Growth & Income outperforms again
Finsbury Growth & Income reports that its net asset value per share on a total return basis for the year was 20.6% and the share price total return was 20.8% (2015: 11.8%). Both have again significantly outperformed the benchmark. The UK market rose by 16.8% over the same period. The report says that the principal contributions to net asset […]
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11 Oct 2016 1 min read
Finsbury Growth & Income amends fees
The Board of Finsbury Growth & Income Trust has announced the following amendments to the fee arrangements with its Alternative Investment Fund Manager (Frostrow Capital LLP) and Portfolio Manager (Lindsell Train Limited). The basic idea seems to be to introduce a tiered fee as the market cap. of the fund nears £1bn. With effect from 11 October […]
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06 May 2016 2 min read
JPMorgan Elect results show small falls in NAVs
JPMorgan Elect has published its interim results. For the half year ended 29th February 2016, the total return on the company’s net assets was -1.3% for the Managed Growth portfolio and -1.1% for the Managed Income portfolio. The total return on the Managed Cash portfolio was +0.3%. The Managed Growth portfolio has delivered a total […]
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05 May 2016 1 min read
Onwards and upwards for Finsbury Growth & Income
Finsbury Growth & Income reports a 10% total return on net assets and a 9.9% return to shareholders for the six months ended 31 March 2016. This is an impressive return on a period when the FTSE All-Share Index returned 3.5%. the first interim dividend for the period was 6.1p – up from 5.5p for […]
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11 Dec 2015 3 min read
Finsbury Growth & Income expands after impressive performance
Finsbury Growth & Income has published an impressive set of results for the year ended 30 September 2015. In a year when the total return on the FTSE All-Share Index was -2.3%, Finsbury Growth & Income delivered a 12.0% return on net assets and an 11.8% return to shareholders. The dividend has ben increased by 7.1% […]
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12 May 2015 1 min read
Finsbury Growth & Income powers ahead
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 […]
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24 Apr 2015 2 min read
JPMorgan Elect says every pool delivered in H1
JPMorgan Elect interims for the six months ended 28 February 2015 are out. The Managed Growth pool beat its bench mark by 3.2% over the period. The pool generated a return on net assets of 9.7% while their 50:50 FTSE All-Share : FTSE All-World ex UK benchmark returned 6.5%. They declared two quarterly dividends totalling 3.9p […]
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09 Dec 2014 1 min read
Another year of outperformance for Finsbury Growth & Income
Finsbury Growth & Income Trust, managed by Nick Train (pictured), has published its annual results for the year ended 30 September 3014, which confirm another year of outperformance relative to its FTSE All-Share Benchmark. FGT provided an NAV total return of 8.6%, comfortably ahead of the benchmark’s 6.1%. A second interim dividend of 6.2p has been […]
Upcoming Events
Videos
In The Press
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06 Feb 2025 1 min read
Investment trust insider on Finsbury Growth and Income
Investment trust insider on Finsbury Growth and Income – James Carthew: Finsbury Growth share buyback keeps Saba away While aggressive buybacks have kept Nick Train’s Finsbury Growth & Income off Saba’s target list, next year’s continuation vote could prove pointless. I promised to discuss Finsbury Growth & Income Trust’s (FGT) annual general meeting this week. […]
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10 Dec 2024 1 min read
Scottish Mortgage, Finsbury Growth & Income and other trusts with catalysts
By Emma Wallis, News editor, Trustnet, 10 December 2024: Some of the largest and best-known investment trusts are on the cusp of events that could boost their share prices, narrow their discounts and reward shareholders, including Scottish Mortgage and Pershing Square Holdings.. A significant catalyst for Scottish Mortgage could be its 4.8% allocation to Space […]
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01 Jul 2024 1 min read
Why Nick Train won’t buy the cheapest UK stocks
By David Thorpe, FT Adviser, 1 July 2024: Fund manager Nick Train has revealed that despite many UK-listed companies trading at very low valuations, he isn’t interested in buying them. Speaking on a webinar hosted by QuotedData, an investment trust research house and commenting on his role as manager of the Finsbury Growth and Income […]
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1 min read
Nick Train: Frequent trading and overdiversification lead to poor investment strategies
Sorin-Andrei Dojan, Investment Week, 01 July 2024: Finsbury Growth & Income trust manager Nick Train has criticised professional fund managers and amateur investors for often chasing the latest “hot idea”, showing no patience for stock growth. Speaking in a weekly webinar held by QuotedData, Train argued that portfolios “never really stay stable long enough to […]
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29 May 2024 1 min read
London stock market gripped by ‘malaise’, warns star fund manager
Michael Bow, The Telegraph, 28 May 2024: Star fund manager Nick Train has apologised for poor performance at his flagship investment trust as he warned of “malaise” gripping the UK stock market. Mr Train, who manages the £1.7bn Finsbury Growth & Income Trust, admitted to making an “obvious failing” three years ago by not investing […]
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21 May 2024 2 min read
A golden goose
Tom Aylott, Portfolio Adviser, 16 May 2024: Deep and widespread discounts have been touted as a prime buying opportunity, with investors now able to buy trusts at prices well below their net asset value (NAV). However, it is worth bearing in mind that investment companies have always traded at discounts historically, meaning the current opportunity […]
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14 Mar 2024 2 min read
Where UK income fund managers are investing
by Val Cipriani, Investors Chronicle, March 13, 2024: When picking a fund, you should always look under the bonnet at how the portfolio differs from the benchmark and which stocks the managers are betting big on. Comparing the portfolio positionings of a range of funds gives us an idea of which stocks are currently in […]
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19 Feb 2024 1 min read
How the 10 funds to buy and hold forever have fared over the past five years
by Jennifer Hill from interactive investor, 19th February 2024: Markets have had to digest more than usual over the past five years. The period has seen the Covid-19 pandemic and Russia’s invasion of Ukraine, as well as soaring inflation and sharp reversals in monetary policy from quantitative easing and rock-bottom interest rates to a sustained […]
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08 Sep 2023 1 min read
IC Top 50 Funds 2023: the best funds to buy
By Dave Baxter, Investors’ Chronicle, September 7, 2023 Holding an active fund can sometimes feel like a thankless task. Many have failed to outperform markets in both good times and bad, and with thousands in existence the choice on offer can seem overwhelming. But there are still rewards to be had: the best have outperformed […]
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22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
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28 Mar 2023 1 min read
Investment trust share buybacks: do they benefit private investors?
by Faith Glasgow from interactive investor, 28th March 2023: Share buybacks are used by investment trust boards to reduce the number of shares in circulation, as a mechanism for controlling the trust’s share price discount to net asset value (NAV)… But how far does that work in practice?.. A recent report by broker Numis notes […]
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20 Mar 2023 1 min read
Buy and hold versus changing style: which fund approach is best?
by Jennifer Hill from interactive investor, 20 March 2023: Some fund managers stick to their knitting irrespective of the wider macroeconomic backdrop; others have more flexibility to change their strategy to respond to market conditions. But which approach is best? Are investors better sticking with funds that adopt a long-term buy and hold strategy or […]
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21 Sep 2022 1 min read
Top 50 Funds 2022: Equity income
By Dave Baxter, Investors’ Chronicle, September 8, 2022: UK EQUITY INCOME (4 FUNDS) An area of focus for many of our readers, UK equity income has been a good port in a storm thanks to the composition of the FTSE 100, while dividends have also made a strong recovery from the dark days of 2020. […]
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28 Jun 2022 1 min read
Have growth and value fund pairs outperformed the market?
by Jennifer Hill from interactive investor, 23rd June 2022: Last year we asked experts to name value and growth fund pairs to navigate the market rotation. The tactic has not yet paid off, but should investors stick with them?.. The sharp reversal in fortunes highlights the folly of pinning your colours to a single mast. […]
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16 May 2022 1 min read
Eight star fund managers you can buy on the cheap
Sam Benstead from interactive investor, 11th May 2022: The stock market rout this year has created a rare opportunity to buy shares in investment trusts run by star managers at large discounts to the value of their investments. Headline bargains include a 38% discount on Pershing Square Holdings run by Bill Ackman, a 10% discount […]
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23 Dec 2021 2 min read
Bargain Hunter: 25 cheap equity trusts towards end of 2021
Kyle Caldwell, interactive investor, 15 December 2021 Some trusts have seen premiums cool, while others are trading on potentially unjustly wide discounts. The pick-up in market volatility of late, amid concerns over rising inflation levels and the emergence last month of the Omicron variant, has led to a welcome increase in potential investment trust discount […]
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18 Oct 2021 1 min read
Most UK equity income trusts are on a discount, which is the best value?
by Faith Glasgow from interactive investor 15th October 2021 The UK equity income investment trust sector proved a wise choice for income investors during the pandemic. At a time when businesses were struggling and dividends were being cut or suspended, trusts could draw on the revenue reserves built up over the years to continue payouts to investors. […]
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31 Mar 2021 2 min read
Investment trusts in focus
Roundtable: Investment trusts in focus Citywire Wealth Manager, 30 March 2021 Gavin Lumsden: How did last year’s intense volatility impact investment trusts versus open-ended funds? Ewan Lovett-Turner: It certainly was a tumultuous year and that was reflected in performance versus the open-ended fund world. It really does depend on what time period you look at though. […]
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1 min read
Income trusts pass the covid test
Income trusts pass the covid test, but for how long can they deliver? Citywire Wealth Manager, Jennifer Hill, 30 March 2021 UK equity income trusts have weathered the dividend drought far better than their open-ended counterparts, an achievement largely down to investment trusts’ ability to draw on revenue reserves. UK dividends plummeted 44% last year […]
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29 Mar 2021 1 min read
Mix and match to profit from recovery for value funds and trusts
Mix and match to profit from recovery for value funds and trusts by Jennifer Hill from interactive investor | 24th March 2021 10:23 Riding the resurgence of value as an investment style without throwing caution to the wind means holding both value and growth funds… While the powerful wave of returns from growth stocks appears to have broken recently amid […]
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22 Mar 2021 1 min read
It is possible to invest in nation’s thirst for all things financial
It is possible to invest in nation’s thirst for all things financial – banks, asset managers and financial technology companies are benefiting as people utilise some of their lockdown savings By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:52, 20 March 2021 | UPDATED: 14:47, 21 March 2021 One of the unexpected effects of the pandemic is that we’ve become […]
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23 Jan 2020 1 min read
Train’s FGT outperformance to continue but 2% discount is not yet a ‘bargain’
QuotedData’s James Carthew is quoted in this article by David Brenchley. A 2% discount – its widest for almost a decade – may not be enough to present a ‘bargain’ in Nick Train’s Finsbury Growth & Income investment trust (FGT), according to analysts. Despite continued outperformance from FGT – 2019 represented its third calendar year […]
