Nick Train Faces Investor Scrutiny Over Poor Fund Performance

The star fund manager admits to underperformance and a lack of tech investments amid a challenging UK stock market.

Nick Train's Finsbury Growth & Income Trust returned only 2.7% in six months, lagging behind the FTSE All-Share Index's 6.9% gain.
Train attributes poor performance to insufficient tech investments and a general 'malaise' in the UK stock market.
Investments in Cazoo and Manchester United have been notably unsuccessful, while new bets on Rightmove and other tech stocks aim to correct course.
Train has increased tech and data stock holdings from 30% to 55% in an effort to improve future returns.
Despite recent challenges, Train remains optimistic about the potential of undervalued UK tech and luxury brands.