Nick Train, manager of the £2.1bn Finsbury Growth and Income investment trust, has used cash from the buyout of the Daily Mail & General trust to add to his holdings of Experian and Fever-Tree, a move he says is “fortunate”.
Many of the trust's top holdings have seen share price falls in January, but Train said he was "encouraged" so many companies were perceived as ‘growth' stocks because he "certainly intends" the portfolio to be positioned in that way. In the latest factsheet he noted Experian's third quarter update showed organic revenues up 11% and had a modest earning upgrade for the full year, but shares fell 15%. Meanwhile, Fever-Tree's shares fell 21% despite its 12-month update revealing revenue growth of 23%. Nick Train: 'several encouraging share prices' for companies in December "The falls...
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