Nick Train has managed the Finsbury Growth & Income Trust for 25 years The UK is a “disappointing market” where world-class companies are “under-owned and undervalued”, top fund manager Nick Train has said. Mr Train, who has managed the Finsbury Growth & Income Trust for a quarter of a century, said the UK offered less exposure to growth industries than other markets, which put off global investors. Speaking on The Master Investor Podcast with Wilfred Frost, he said: “It has resulted in those London-li ...

Core Insights - Major U.S. equities indexes experienced gains, driven by comments from a Federal Reserve official suggesting a potential interest rate cut in December [1] Company Performance - Ross Stores (ROST) emerged as the best-performing stock in the S&P 500, with shares increasing by 7% after surpassing earnings and revenue estimates, and raising its outlook due to strong customer demand [2] - Gap Inc. saw its shares rise by 8% following better-than-expected results and an optimistic guidance, attributed to robust demand across its brands [2] - Intuit (INTU) reported a 6% surge in shares, benefiting from strong quarterly results and increased demand for its artificial intelligence tools [3] - Veeva Systems (VEEV) experienced a decline of over 10% as it warned of reduced usage of its Vault CRM system by biopharmaceutical firms [4] Market Trends - Oil futures declined while gold prices increased, indicating a shift in commodity markets [4] - The yield on the 10-year Treasury note decreased to 4.08%, reflecting changes in investor sentiment [4] - The U.S. dollar showed mixed performance against major currencies, gaining against the euro but losing ground to the pound and yen [4]

Market Overview - The global accounting software market was valued at USD 15.23 Billion in 2025 and is projected to reach USD 29.38 Billion by 2033, growing at a CAGR of 8.60% from 2026 to 2033 [1][14] - The U.S. accounting software market size is expected to grow from USD 3.84 Billion in 2025 to USD 7.19 Billion by 2033, with a CAGR of 8.21% during the same period [2][14] Growth Drivers - The primary driver for the growth of the accounting software market is the increasing adoption of cloud-based solutions that provide real-time financial tracking, accessibility across devices, and cost-effectiveness for businesses of all sizes [1] - In the U.S., factors such as widespread cloud usage, AI-driven automation, and integration with enterprise systems are significantly contributing to market growth [2] Segmentation Analysis - By Component: In 2025, software accounted for 70.24% of the market share, while services are the fastest-growing segment with a CAGR of 10.04% [3] - By Enterprise Size: Large enterprises held the largest share at 64.06%, while small and medium enterprises (SMEs) are the fastest-growing segment with a CAGR of 11.24% [4][6] - By Type: The ERP segment led the market with a share of 42.50%, while custom accounting software is the fastest-growing segment with a CAGR of 10.14% [7] - By End-Use Industry: The BFSI segment dominated with a share of 28.64%, while IT & Telecommunication is the fastest-growing segment with a CAGR of 11.84% [8] Regional Analysis - North America held the largest share of the accounting software market at 34.96% in 2025, driven by higher digital adoption and demand for cloud and AI-enabled functions [9] - The Asia Pacific region is expected to grow at the fastest rate with a predicted CAGR of 9.95%, attributed to increased digitalization and higher adoption rates among SMEs [10] Key Players - Major companies in the accounting software market include Intuit Inc., Microsoft Corporation, Oracle Corporation, SAP SE, and The Sage Group plc among others [11][13] Recent Developments - In July 2025, Intuit Inc. launched Agentic AI experiences to enhance financial management capabilities for mid-market businesses [16] - In March 2025, Oracle introduced AI Agent Studio for Fusion Applications, aimed at creating and managing AI agents across enterprises [16]