
Nick train explains underperformance
Following a period of significant underperformance, Nick Train, manager of the £2.1bn Finsbury Growth & Income trust, has explained his investment rationale for each of the 17 stocks that make up 98% of the portfolio in a lengthy statement in the annual report released today (15 December).
The company's net asset value per share total return was 10.6%, for the year to the end of September, while the share price total return was 6.3%. The annual report acknowledged this was "disappointing"...
To continue reading this article...
Join Investment week
- 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