Edison issues review on Finsbury Growth & IncTrust

RNS Number : 6949N
Finsbury Growth & Income Trust PLC
10 May 2018
 

 

London, UK, 10 May 2018

Edison issues review on Finsbury Growth & Income Trust (FGT)

Finsbury Growth & Income Trust (FGT) is managed by Nick Train, who runs a concentrated portfolio of primarily UK equities, aiming to generate long-term capital and income growth. A key feature is the trust's low portfolio turnover - initiating a new holding or a complete disposal of a position happens very infrequently. FGT is invested in just four out of 10 sectors of its benchmark FTSE All-Share index. Shareholders have benefited from the manager's focused, long-term investment approach, with the trust having significantly outperformed its benchmark over the last one, three, five and 10 years. Train remains optimistic on the outlook for FGT's portfolio companies and has been taking advantage of individual share price pullbacks, adding to some of his largest positions, such as Burberry.

 

FGT's current 0.4% share price premium to cum-income NAV is broadly in line with the average premiums of the last one, three and five years (range of 0.5% to 0.6%). The board actively manages the premium, regularly issuing shares to satisfy unfulfilled buy orders in the market. FGT has a progressive dividend policy, aiming to grow annual dividends at a rate higher than UK inflation. Based on its current share price, the trust has a dividend yield of 1.9%.


Click here to view the full report.

 

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44 (0)20 3681 2519

Investmenttrusts@edisongroup.com

 

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-investment-research 

Twitter           www.twitter.com/Edison_Inv_Res 

YouTube       www.youtube.com/edisonitv 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAEAASEFENPEFF
UK 100

Latest directors dealings