Searching the London market for growth places Finsbury Growth and Income Trust in a fuzzy middle ground. It’s not a backer of the value names that have had their moment in the sun as the huge slack in the financial system is finally tightened. But its portfolio also sits outside the racy stocks that have enjoyed a resurgence since the start of the year, as investors bet that central banks might be nearing the peak in raising interest rates.
After more than a decade of near-undisturbed gains, the FTSE 250 fund has endured a choppier ride since 2020, underperforming the FTSE All-Share, the benchmark it attempts to beat. Holdings in UK stocks priced for higher future earnings growth, like Experian or Sage, is one reason
