Overview
Finsbury Growth & Income Trust, managed by Nick Train (pictured), has published its annual results for the year ended 30 September 3014, which confirm another year of outperformance relative to its FTSE All-Share Benchmark. FGT provided an NAV total return of 8.6%, comfortably ahead of the benchmark’s 6.1%. A second interim dividend of 6.2p has been announced, bringing the total dividend for the year to 11.3p, 7.6% up from last year’s total of 10.5p per share. The main contributors to FGT’s net asset value performance came from its holdings in the London Stock Exchange, Reed Elsevier and Rathbone Brothers. The primary detractors, during the year were Diageo and Schroders. This was despite strong dividend increases.
FGT : Another year of outperformance for Finsbury Growth & Income