Manager of the Finsbury Growth & Income trust, Nick Train, highlighted recent developments for UK companies that “reinforce the case for looking at them constructively” in his latest factsheet published on Thursday (12 January).
The factsheet showed that for December, the NAV of the trust was down 3.6% on a total return basis and the share price was down 2.4%, while the FTSE All-Share index lost 1.4%. The manager of the £1.9bn trust wrote that he sees "no structural reason why the UK stock market should not deliver attractive and absolute returns in 2023 beyond". He went on to say that such returns "would be a surprise" but "it is virtually the definition of financial markets that they deliver returns that confound consensus". He said two recent developments serve to reinforce this premise for UK companies. ...
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