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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.£1486.5m
Last close811.00p
High / Low (52 weeks)854.0p / 728.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

Finsbury Growth & Income Trust - new investment added

Fri, 05 Jan 2018 10:38:55 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

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

Thu, 04 Feb 2016 14:09:23 GMT

Nick Train: Unilever move from UK not in investors' interests

Wed, 16 May 2018 17:15:00 GMT

Investment summary

Finsbury Growth & Income Trust (FGT) has a distinguished track record of outperformance – its NAV total returns are above those of the FTSE All-Share index benchmark over one, three, five and 10 years. It also ranks first over these periods when comparing its performance with that of its 10 larger-cap peers in the AIC UK Equity Income sector. Manager Nick Train highlights the trust’s 7.7% dividend growth in FY18, which was fully covered by revenue. He says this growth rate is very encouraging compared to the much lower levels of UK inflation and interest rates, and illustrates the strong cash flow being generated by portfolio companies, which he argues should continue to support FGT’s annual distributions.

Last updated on 10/12/2018

Key management

Anthony Townsend, Chairman
Nick Train, Fund manager

Company address

25 Southampton Buildings
London
WC2A 1AL
United Kingdom
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