Finsbury Growth & Income Trust
Company Notes
Attractive discount for high quality growth portfolio
Finsbury Growth & Income* invests in the shares of predominantly UK-listed companies, with the objective of achieving capital and income growth. Lindsell Train was appointed as Investment Manager of the fund in December 2000, since which time Nick Train has been its sole portfolio manager. Nick Train’s investment approach involves building a concentrated portfolio of up to 30 ‘quality’ companies that have strong brands and/or powerful market franchises. The portfolio is focused on Digital Products & Services, Luxury & Premium Consumer Brands and Trusted Wealth Management Services.
The fund’s performance record under Nick Train is very strong, with the NAV up 590% on a total return basis since his appointment, compared with +183% for the fund’s benchmark, the FTSE All Share Index. Furthermore, within the UK Equity Income peer group, Finsbury Growth & Income has one of the strongest track records over the last five and ten years. It pays semi-annual dividends and has delivered annualised dividend growth of 6.4% over the ten years to 30 September 2021. The total dividend of 17.1p declared in respect of the 2021 financial year represents a dividend yield of 1.9% on the current share price.
*Denotes a corporate broking client of Winterflood Securities
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