Finsbury Growth & Income manager Nick Train has reaffirmed his commitment to stick to the trust's concentrated investment approach despite the recent run of underperformance, as he focuses on building a portfolio of “AI winners”.
At the trust's annual general meeting in London on Tuesday (23 January), Train said that himself and deputy manager Madeline Wright believe they "should stick with the investment approach that, by and large, has worked for the past 24 years". "It is important to recognise how easy it is to fall into getting bounced out of what are fundamentally very good businesses that might not be doing well at the moment," he said. "I have seen so many professional investors fail because of overtrading. I want to resist changing the approach - sorry if that is inadequate." The £1.8bn trust, whi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
