Portfolio Manager Factsheet
A rather spectacular month. After sentiment had gradually improved toward the UK through the first few months of 2019 – temporarily or otherwise – shares in UK financial companies suddenly rallied strongly.
Certainly, our three asset manager investments all posted double digit gains in April. Rathbones was up 15%. Schroders 17%. And the best performer in the portfolio last month, Hargreaves Lansdown, gained 21%.
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.