Nick Train, investment manager of the Finsbury Growth and Income Trust, is doubling down on the need for patience. You can see why. Last year the FTSE 250 trust underperformed its benchmark for a second consecutive year.
A tentative revival in London-listed equities since then might tempt investors to be more forgiving of recent disappointments. So too, might a look at the trust’s record through previous economic upsets.
Attempting to neatly time the market by frequently trading in and out of companies is pointless. Prizing qualities such as high margins, low debt and consistent profitability are worthy measures for picking stocks that have a chance of delivering good compound returns in the long term.
Finsbury invests in UK-listed heavyweights, the largest of which are the
