Edison review on Finsbury Growth & Income Trust

RNS Number : 9586M

Finsbury Growth & Income Trust PLC

27 January 2021

 

London, UK, 27 January 2021

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

Finsbury Growth & Income Trust (FGT) is celebrating its 20th anniversary under the management of Nick Train. While underperforming in recent months, the trust is ahead of the broad UK market over the last one, three, five and 10 years. Stock market volatility in 2020 afforded the manager an opportunity to add another new name to the fund, credit bureau Experian, which he considers a rare example of a globally significant UK company that is benefiting from the optimisation of its vast database. Train is sticking to his tried-and-tested process that incorporates three rules of thumb: 'if a company's products taste good, buy the shares; the world will never be bored of being informed or entertained; and the pros are always too cautious about the stock market'.

FGT regularly trades close to NAV. The trust is currently trading at a 1.9% share price discount to cum-income NAV, which compares with a range of a 0.4% average premium to a 0.2% average discount over the last one, three, five and 10 years. FGT has a progressive dividend policy, although during FY20 the annual distribution was held steady due to portfolio companies' dividend cuts as a result of the global pandemic. The trust currently offers a 1.9% yield. 

Click here to view the full report.

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

www.edisongroup.com

About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

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 [phone], [e-mail]

Sarah Godfrey [phone], [e-mail]

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

LinkedIn  https://www.linkedin.com/company/edison-group-/

Twitter   www.twitter.com/Edison_Inv_Res  

YouTube  www.youtube.com/edisonitv  

 

END

 

 

NRABSGDBSUDDGBL