FGT: Investor Update Webinar

Listen to Portfolio Manager, Nick Train, provide an update for shareholders on the Finsbury Growth & Income Trust portfolio.

Nick discusses recent performance for the Trust, his ongoing conviction in the Trust’s concentrated portfolio of high quality UK listed companies, some specific examples of underlying company business models adapting to a new digital age and where some companies have experienced difficulties over the last few years, and his outlook for the future. 

5th December 2025

The Company was founded in 1926 and Nick Train has managed the portfolio since his firm, Lindsell Train, was appointed as Portfolio Manager in 2000.

 

Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with managers of the highest integrity and ability. Then you own these shares forever”. Warren Buffett

We are seeking to earn exceptional returns for the Company by exploiting other investors’ unwillingness, or inability, to ascribe full strategic value to the companies that meet our selection criteria. Nick Train

In the Portfolio Manager’s views, these are the characteristics that define a quality company, and they form the building blocks for the Finsbury Growth & Income Trust investment approach and portfolio.

Durability: Companies that can prosper through business cycles for many years to come.

High return on equity: Companies with the ability to grow earnings year-in, year-out are favoured over those with rapid short-term growth, but uncertain long-term prospects.

Low capital intensity/high free cash flow generation: Companies that do not have to make heavy balance sheet investment to generate earnings growth.

 

Click here for more details on the Trust Characteristics

Click here for the latest factsheet for portfolio constituents

London Stock Exchange Closing Ceremony Competition Entry

Five Shareholders will be selected in a draw to join members of the Board at the London Stock Exchange Closing Ceremony on the afternoon of this year’s Centenary Annual General Meeting, a unique chance to celebrate the occasion.

Entries must be received by 8 January 2026. We look forward to sharing this special moment with some of our Shareholders.

To enter the draw, please click ‘COMPETITION ENTRY’ below to confirm you are a shareholder and sign-up.

Competition Entry

To join our mailing list or receive RNS updates please click here.

factsheet

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How to invest

The Company’s shares are traded openly on the London Stock Exchange and can be purchased through a stock broker or other financial intermediary.

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£1,067.2m

Our Net Asset Value*

2.4%

Current net yield*

+7.5%

Five Year Share Price (total return)*

 

Source: Frostrow Capital LLP

*As at 30 November 2025