Portfolio Manager Factsheet

November 2018

Pearson’s 30% gain so far in 2018 does not prove that we have been right to retain our investment in the company nor that the bull case is by any means proven. It is not.

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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.