Nick Train Backs "Survivor" Stocks

Veteran investor Nick Train tells investors in his Silver-rated Finsbury Growth & Income Trust that strong brands and low debt are crucial to companies ability to survive

James Gard 16 April, 2020 | 11:12AM

Nick Train

Fund manager Nick Train says the resilient performance of his Finsbury Growth & Income Trust (FGT) during the March sell-off supports his philosophy of owning strong companies with low debt and loyal customers.

In a monthly update to investors, he says recent stock market volatility has put a premium on “survivable” companies, ones with strong brands and good balance sheets. That has helped the investment trust comfortably beat the index – Finsbury’s share price was down 4.4% in March against a 15.1% fall for the FTSE All-Share. Year to date the trust's share price, which has a Morningstar Analyst Rating of Silver, is down 16% from 905p to 757p, whereas the index is down 27%.

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James Gard  is content editor for Morningstar.co.uk

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