From Morningstar:

Nick Train, the manager of Finsbury Growth and Income trust (FGT), is considering UK companies that had disappointing IPOs for potential investments. He mentioned that companies like Deliveroo, whose shares plummeted from £3.90 to £1.19, could still hold potential. train also discussed investing in companies with strong digital strategies and the underperformance of his trust. He also issued a pep talk to shareholders, saying “I can’t offer anything more, I don’t think, than blood, sweat, and tears.”

Train expressed concerns about the UK stock market, pointing out that it is missing key players in the digital space, which are dominant in the global economy. He lamented the absence of the digital giant ARM from the UK stock market and implored for more businesses like it to be listed in London. He also noted that global investors should look beyond the US for digital opportunities.

Train sees potential in the current market and is ready to put in the work to bring success to his trust. He emphasized the need to look outside the US for digital trends and mentioned the need for corporate innovation within the UK. He also mentioned his concentrated “buy-and-hold” investment strategy and the importance of preserving the trust’s capital. Stay tuned for Monday for the full exclusive interview with Morningstar.



Read more: Nick Train: UK’s IPO Flops Could be Buying Opportunity