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

Finsbury Growth & Income Trust (FGIT) remains optimistic despite “disappointing” annual results. The London-based trust reported a net asset value per share of 943.4p, up 5.9% from the previous year. However, shares were trading at £8.86, down 0.1%. The company underperformed the FTSE All-Share index benchmark due to global uncertainty. Around 32% of the portfolio is in consumer brands like Burberry, Diageo, and Unilever, affected by economic conditions. Burberry’s stock dropped 55% between 2020 and 2024. The company paid a dividend of 19.6p per share, up 3.2% from the previous year. Finsbury plans to continue investing in high-quality companies for the long term.



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