Nick Train uses DMGT cash to top up Fever-Tree and Experian

clock • 1 min read

Nick Train, manager of the £2.1bn Finsbury Growth and Income investment trust, has used cash from the buyout of the Daily Mail & General trust to add to his holdings of Experian and Fever-Tree, a move he says is “fortunate”.

Many of the trust's top holdings have seen share price falls in January, but Train said he was "encouraged" so many companies were perceived as ‘growth' stocks because he "certainly intends" the portfolio to be positioned in that way. In the latest factsheet he noted Experian's third quarter update showed organic revenues up 11% and had a modest earning upgrade for the full year, but shares fell 15%. Meanwhile, Fever-Tree's shares fell 21% despite its 12-month update revealing revenue growth of 23%. Nick Train: 'several encouraging share prices' for companies in December "The falls...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot