I don't think so, from my experience. Case in point...I sprayed a coat of pre-decal Testors gloss-cote over my AMT M1 Abrams last night, and while it was good enough for decaling, it would have taken a couple more applications to be truly glossy.
However, my CR-5 Corvette which I painted with MM Trainer Yellow (don't laugh, it actually looks pretty good) and then sprayed with the same gloss-cote material is super shiny.
Others may have different experiences, and Future may yield better results than the Testors stuff. I'd see what others have to say, also. Just my $.02.