TRUST WATCH

Fins­bury Growth and In­come

Scottish Daily Mail - - City & Finance -

WHAT IS IT?

THE Fins­bury Growth and In­come Trust is run by renowned fund man­ager Nick Train, and fo­cuses on UK-listed com­pa­nies. It aims to grow in­vestors’ capital and in­come pay­ments.

WHAT DOES IT IN­VEST IN?

Fins­bury in­vests in a small se­lec­tion of UK-listed firms – it usu­ally only holds up to 30 in­vest­ments, and a max­i­mum of 20pc of the fund can be ploughed into com­pa­nies listed on for­eign stock ex­changes. Some larger hold­ings in­clude Smirnoff-owner Di­a­geo, fash­ion house Burberry and the Lon­don Stock Ex­change it­self.

WHAT DO THE EX­PERTS LIKE?

Laura Suter, per­sonal fi­nance an­a­lyst at AJ Bell, says: ‘Over the past 10 years it has re­turned 382pc, com­pared to the FTSE All Share’s 114pc.’

ANY DOWN­SIDES?

The fund’s small port­fo­lio can be a down­side, as in­vest­ment re­turns would be af­fected if one com­pany un­der­per­forms, Suter adds. And the yield is not very large com­pared to some peers.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.