Portfolio Manager Factsheet
Nearly a third of the portfolio, by number of holdings, saw double digit share price gains last month. These were Burberry, Daily Mail, Sage, LSE (actually up 9.6%), Schroders, Fidessa and A G Barr. Bloomberg pointed out that at the end of July the top 5 companies in the world by market capitalisation were for the first time all US tech names.
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.