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23.12 - 16:03
Nick Train keeps faith in wealth manager stocks despite ‘miserable year’
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Nick Train, one of the UK's best-known fund managers, has lamented his "disappointing" and "frustrating" performance this year in what has been a bruising period for investors.
Train's Finsbury Growth & Income Trust, which he has overseen since 2000, saw net assets fall from £2.1bn to £1.8bn over the year to 30 September, according to its annual report.
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