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Finsbury Growth & Income sees 1.6% NAV uptick as falling rates boost consumer names
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investmentweek.co.ukAccording the trust's latest monthly factsheet, Finsbury also saw its share price bolstered by 1.5%, compared to the 0.9% fall the previous month, a boost partly the result of a 12% and 7% increase in the trust's large positions in Unilever and Diageo, respectively. While Diageo was sold by rival Terry Smith's Fundsmith in August, Train argued that the roughly 40% share price fall from the company's 2021 peak represents «a buying opportunity for a company that can credibly be claimed as a global leader in an attractive industry». «It is evident investors are trying to find a share pr...
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