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 reward...
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