Nick Train, manager of the Finsbury Growth & Income trust, has been “pleased” with the performance of a number of his holdings in October, despite returns trailing the benchmark.
In the latest monthly factsheet, it revealed the trust's net asset value was up by 0.4% and its share price had increased by 0.8%, while the FTSE All-Share index was up 3.1% for October. The trust has been one of many major portfolios that has struggled to stay ahead of the market amid rising costs and inflation, but Train has stood by his calls into consumer brand owners, companies he feels are "durable businesses" that can protect against these macroeconomic factors. One of the stocks highlighted for October was Mondelez, an American company which took over Cadbury in 2019. In th...
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