Finsbury Growth & Income Trust (FGT)

Business description

FGT's investment objective is to achieve capital and income growth and provide shareholders with a total return above that of the FTSE All-Share Index. It invests principally in the securities of UK-quoted companies, but up to a maximum of 20% can be invested in non-UK-quoted companies at acquisition. FTSE 100 companies normally represent 50-100% of the portfolio, with at least 70% usually invested in FTSE 350 companies.

Stock data

Market cap.£1257.2m
Last close753.00p
High / Low (52 weeks)777.0p / 701.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Finsbury Growth & Income Trust - new investment added

Fri, 05 Jan 2018 10:30:00 GMT

Finsbury Growth & Income: Nick Train Dismisses Brexit Risk

Mon, 01 Aug 2016 10:30:00 GMT

Director Deals - Finsbury Growth & Income Trust Plc (FGT)

Mon, 16 Apr 2018 12:56:15 GMT

Nick Train: takeovers could force Finsbury to go global

Fri, 23 Jan 2015 17:11:18 GMT

Finsbury Growth & Income: Nick Train Buys First New Stock in 4 Years

Thu, 04 Feb 2016 14:09:23 GMT

Investment summary

Finsbury Growth & Income Trust (FGT) aims to generate long-term capital and income growth from a concentrated portfolio of primarily UK equities. Manager Nick Train has recently initiated a position in Manchester United, which is FGT’s first new holding since 2015. He believes that the football club has a very strong and valuable franchise, along with a history of generating positive returns for shareholders. FGT has a long-term track record of outperformance versus its FTSE All-Share index benchmark, with higher returns over the last one, three, five and 10 years. The trust has a progressive dividend policy; the FY17 dividend was 8.4% higher than in FY16, despite a meaningful dividend cut at portfolio company Pearson.

Last updated on 16/11/2017

Key management

Anthony Townsend, Chairman
Nick Train, Fund manager

Company address

25 Southampton Buildings
London
WC2A 1AL
United Kingdom
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