Last 6 Months the Toughest of My Career, says Nick Train

Manager of Finsbury Growth & Income says investors are in uncharted territory because of the coronavirus crisis as the trust posts a 19% loss in the last six months

Holly Black 13 May, 2020 | 9:57AM

Nick Train

Nick Train says the past six months have been the most “turbulent” and “distressing” of his career. The manager of the Silver-Rated Finsbury Growth & Income (FGT) investment trust said 39 years of investing experience had done little to prepare him for the volatility seen during Covid-19 crisis, admitting: “We have never seen anything like it.”

Commenting on the half-year report for the trust, for the six months to March 31, 2020, Train says investors are in “uncharted territory”.

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Holly Black  is Senior Editor, Morningstar.co.uk

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