Nick Train to Raise £550m For Finsbury Trust

Gold-rated Finsbury Growth & Income to issue 60 million new shares in response to "significant, ongoing demand"

James Gard 8 August, 2019 | 4:33PM

Nick Train

Finsbury Growth & Income (FGT), the Gold-rated investment trust run by star manager Nick Train, has launched a programme to place 60 million new shares over the space of the year to meet “significant, ongoing demand” from investors.

The trust, which launched in 1926, has produced annualised returns of 18% over 10 years and has the highest Morningstar rating of Gold and five stars. With such strong, sustained performance the manager has attracted a loyal army of investors. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Finsbury Growth & Income Ord826.21 GBX0.39

About Author

James Gard  is content editor for Morningstar.co.uk

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