Finsbury Growth & Income performance 'concerning' as trust lags benchmark for third consecutive year

Ranks 22nd of 23 in sector

Elliot Gulliver-Needham
clock • 3 min read

The £1.8bn Finsbury Growth & Income trust (FGT) has lagged its benchmark for the third consecutive year, according to the trust's annual results, published today (7 December).

In the year to 30 September, the trust's share price and NAV returned 7.5% and 7.2%, respectively, compared to a FTSE All Share index increase of 13.8% in the year. The underperformance relative to the benchmark means the trust ranks 22nd out of 23 in the UK Equity income trust sector over the last three-year period, only up 11.8% compared to the index's 39.8%. Over the last year, FGT ranked 14th out of 23, compared with fifth place in 2022. Additionally, the trust's share price has declined since 30 September, falling 2.4%. Lindsell Train trust NAV dragged down by fund group holdi...

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