Finsbury Growth and Income: on track for long-term profits

Nick Train’s Finsbury Growth & Income investment trust is a core holding – and it is now on sale.

Indian whisky McDowell’s is Diageo’s top-selling brand by volume © Getty

Nick Train, a 40-year veteran of investment markets, has been the manager of Finsbury Growth & Income Trust (LSE: FGT) for 19 years but thinks that “the next 19 are going to be more successful, owing to the calibre of the companies in our portfolio”.

Under his management, FGT’s investment returns have compounded at 10.4% per annum, twice the pace of the FTSE All Share index, while dividends have grown by 10% a year. The trust has grown to £1.8bn of assets.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.