11th May 2015 13:01
LONDON (Alliance News) - Finsbury Growth & Income Trust PLC Monday said it outperformed its benchmark in the first six months of its financial year.
In a statement, the trust said its share price total return of 17.4% and net asset value total return of 17.3% in the six months ended March 31 outperformed the FTSE All-Share Index's total return of 5.3%.
The main drivers of the trust's net asset value performance were London Stock Exchange Group PLC, Schroders PLC and Sage Group PLC, according to Chairman Anthony Townsend.
"The FTSE All Share Index is up approximately 4.7% so far this calendar year. Your board continues to believe that our portfolio manager's strategy of investing for the long-term in durable cash generative franchises capable of sustained dividend growth will continue to deliver superior investment returns to shareholders," Townsend said in a statement.
Finsbury Growth & Income Trust shares were up 0.2% at 596.00 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Finsbury Growth