Portfolio Manager Factsheet
Six months ago we assumed that any eventual failure of the proposed LSE/DB merger would have resulted in a marked decline in LSE’s shares. Nonetheless we added to our holding throughout the second half of 2016 and into this year. Three smaller holdings rose 10% or more in March. Remy, A. G. Barr and Celtic. Each of these is a unique and valuable franchise or set of brands too.
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.