Finsbury Growth & Income Trust PLC Edison review on Finsbury Growth & Income Trust
June 09 2020 - 11:29AM
RNS Non-Regulatory
TIDMFGT
Finsbury Growth & Income Trust PLC
09 June 2020
London, UK, 9 June 2020
Edison issues review on Finsbury Growth & Income Trust
(FGT)
Finsbury Growth & Income Trust (FGT) has been managed by
Nick Train since January 2001. Given the economic uncertainty due
to the global COVID-19 pandemic, he stresses the importance of
determining which companies will survive and thrive, and which
could ultimately fail. The manager also seeks to invest in firms
that can take advantage of the upsurge in digital and software
services, as technology is advancing at an accelerating pace. While
Train rarely initiates new holdings in the fund, in recent months
he has added a position in premium mixer producer Fever-Tree,
taking advantage of a significant pullback in its share price. FGT
has a very strong performance record and has outpaced the broad UK
market over the last one, three, five and 10 years.
FGT is currently trading at a 0.2% discount to its cum-income
NAV versus the range of a 1.8% premium to an 11.7% discount over
the last 12 months. This compares with the 0.0% to 0.4% range of
average premiums over the last one, three, five and 10 years. Based
on its current share price, FGT offers a 2.0% dividend yield.
Click here to view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available
on the website .
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-group-
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAZZGGVKLRGGZM
(END) Dow Jones Newswires
June 09, 2020 11:29 ET (15:29 GMT)
Finsbury Growth & Income (LSE:FGT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Finsbury Growth & Income (LSE:FGT)
Historical Stock Chart
From Apr 2023 to Apr 2024