Finsbury Growth & Income trust NAV down 5.8% after 'relentless shocks'

'Significant price volatility'

The £1.9bn Finsbury Growth & Income trust has reported its net asset value fell 5.8% in the year to the end of September, which it blamed on a year when markets and companies were “buffeted by a relentless series of economic and geopolitical shocks”.

This compared to growth in the NAV of 10.6% in 2021. The total loss per share for the year was 53.4p per share. This is versus a return in 2021 of 88p per share. The total dividend declared for the year was 18.1p per share, up from 17.1p per share last year, an increase of 5.8%. During the year, the trust's share price total return was a drop of 5.6%, down from a growth of 6.3% in 2021. Lindsell Train trust NAV down 3% due to fund group stake Simon Hayes, chairman of the trust, said the year under review has seen "significant price volatility and shifts in investors' risk...