According to the £1.8bn trust’s latest factsheet, in February the net asset value was up 1.7% and the share price gained 2.3%, while the FTSE All-Share index was only up 0.2%.
Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI
Manager Nick Train said four of the trust’s “magnificent five” holdings outperformed the index, arguing they are “magnificent” because they are “world-class and substantive businesses” with a “clear secular growth opportunity”.
The outperformers were analytics provider RELX, which comprises 12.8% of the trust’s total investments, …
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