From Morningstar: 2024-12-04 06:28:09

Finsbury Growth & Income Trust (FGIT) remains optimistic despite “disappointing” annual results. Net asset value per share as of September 30 was 943.4p, up 5.9% from the previous year. However, the company underperformed the FTSE All-Share index, which had a 13% total return in the same period. Shares were trading at 886p. The company attributed this to global inflation and interest rate uncertainty. 32% of the portfolio consists of consumer brands like Burberry, Diageo, and Unilever, affected by economic conditions. Burberry’s shares dropped 35%, Diageo lost 17%, and Unilever is up 20% in 2024. A dividend of 19.6p per share was paid during the recent year, up 3.2% from the previous year. Finsbury remains optimistic for the future, aiming to invest in high-quality, cash-generating companies for the long term.



Read more at Morningstar: Nick Train-Led Finsbury Growth & Income Trust…