Nick Train has topped up his holdings in Finsbury Growth & Income Trust through the coronavirus market sell-off, the manager told investors on Friday.
Train said in a letter to shareholders he had been buying shares in Finsbury in recent days and weeks after its share price fell 34% between 19 February and 18 March to 611p. The stock has since re-rated slightly to 694p as at 10am on 20 March, leaving it on a near-10% discount. He explained his decision was "not because I believe I will find the bottom - I have already missed it several times...
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