Nick Train, manager of the £1.2bn Finsbury Growth & Income trust has bought his first stock in two years, football club Manchester United, which he anticipates will be "a very rewarding commitment".
Train said he has invested in the world-famous British football team Manchester United, as he expects "the value of strongly-franchised football clubs to rise".
The team listed as a company in August 2012 at $14, and has reached levels as high as $19.4 in 2014. But the manager believes there is room for this to grow as technology continues to disrupt countless industries.
In his latest monthly report, the manager said: "We are delighted to have made the investment - indeed I would say relieved we have been able to make the investment. And we expect, over time, this to be a very rewarding commitment of your capital.
"Technology is upending the media industry, but creating extraordinary new value for some participants. We want to be involved.
"We regard the current $2.7bn market cap of Manchester United as low relative to the global following and fascination with its franchise and to the priceless (virtually) strategic value to broadcasters of live sports."
The trust also has a position in Celtic Football Club, while Juventus FC is held in the £3.1bn Lindsell Train Global Equity fund.
Train noted Facebook's recent attempt to gain streaming rights for Indian IPL cricket matches, stating "it will not be long before an internet giant bids against an incumbent football rights holder".
He added: "The ramifications for traditional media companies will be massive, but through the turmoil we expect the value of strongly-franchised football clubs to rise."
The manager compared this potential technological disruption to that seen by companies such as Amazon and Netflix.
"We watch in awe as Amazon and Netflix invest billions of dollars annually into the commission of new entertainment 'content' - reputedly $4bn and $6bn respectively," he said. "This has turned into a kind of arms race to attract the highest number of eyeballs and subscribers to competing platforms and devices.
"A race we expect traditional broadcasters, including cable and satellite to lose."
Over three years to 11 September, Finsbury Growth & Income is up 55%, outperforming both its AIC UK Equity Income sector average return of 26% and its FTSE All Share benchmark return of 25% during the same period, according to FE Trustnet.
According to Winterflood, it is currently trading on a premium of 0.4%, in line with its 12-month average.
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