Finsbury Growth & Income results pick up despite 'difficult few years' for UK fund management stocks

Unaudited half-year reports

UK wealth management firms dampen what was a more positive period for the Finsbury Growth & Income trust, as the space suffers a "difficult few years".

In the trust's unaudited half-year report covering the six months to 31 March, it revealed a rosier picture for clients than previous results, as manager Nick Train said that performance within the portfolio had been "encouraging", adding "things really do seem to be gradually getting better". In the six months, the trust's net asset value increased 12.3%, and the share price total return was up 12.5%, in line with the trust's FTSE All Share benchmark increase of 12.3% Nick Train adds to Experian in wake of SVB and Credit Suisse The trust's discount narrowed over the period, now si...