Train buys 1.2m shares of Finsbury Growth & Income in 20 months

1.9% of issued share capital

Nick Train, manager of Finsbury Growth & Income, has purchased 1.2m shares of his own trust since the end of September 2020, according to a stock exchange announcement.

In the latest transaction announced by the board of the £1.9bn trust, Train purchased 25,000 shares at a price of 782.4 pence per share yesterday (23 May). The purchase brings his total to 4.3m shares, or 1.9% of the issued share capital. According to the annual report and accounts the manager held 3.1m shares at the end of September 2020, which increased to 3.8m by the end of the next year. Dzmitry Lipski, head of funds research for interactive investor, commented that it was: "meaningful" the manager had been adding to his exposure to the trust, which "underscores his conviction ...