Edison Releases Report on Finsbury Growth & Income Trust

On June 4, 2026, Edison Investment Research Limited published a detailed report on the Finsbury Growth & Income Trust (FGT). This trust, known for its focus on UK quality growth companies, has been under the management of Nick Train from Lindsell Train since 2000. Historically, Train has consistently outperformed the UK market, driven by a portfolio heavily weighted towards consumer-focused stocks.

However, since 2021, Train and deputy manager Madeline Wright have faced challenges due to market shifts favoring cyclical/value stocks and issues with some of FGT's concentrated holdings. Despite these challenges, the board confirmed its confidence in the management, with shareholder backing evident in a recent continuation vote at the January 2026 AGM where over 97% voted to continue. The trust's H126 results revealed policy changes aimed at enhancing shareholder value.