Portfolio Manager Factsheet

May 2015

Sage was a feature last month, up 18%. Results, accompanied by an 8% dividend increase, were pleasing and highlighted the exceptional cash generation of the company. But what really got the price moving was the announcement of a JV between it and Salesforce, the $50bn US cloud computing business. Salesforce has recently been rumoured to be an acquisition target for Microsoft, confirming the strategic importance and value of its technology platform...

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Finsbury Growth & Income Trust PLC conducts its affairs so that its shares can be recommended by independent financial advisers (IFAs) to retail private investors. The shares are excluded from the Financial Conduct Authority's (FCA's) restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust.