Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI

Future returns 'not based on illusion'

Finsbury Growth & Income manager Nick Train has reaffirmed his commitment to stick to the trust's concentrated investment approach despite the recent run of underperformance, as he focuses on building a portfolio of “AI winners”.

At the trust's annual general meeting in London on Tuesday (23 January), Train said that himself and deputy manager Madeline Wright believe they "should stick with the investment approach that, by and large, has worked for the past 24 years". "It is important to recognise how easy it is to fall into getting bounced out of what are fundamentally very good businesses that might not be doing well at the moment," he said.  "I have seen so many professional investors fail because of overtrading. I want to resist changing the approach - sorry if that is inadequate." The £1.8bn trust, whi...