Finsbury Growth & Income sees 1.6% NAV uptick as falling rates boost consumer names

Diageo, LSEG and Experian prosper

Nick Train’s Finsbury Growth & Income trust (FGT) saw a net asset value increase of 1.6% on a total return basis in September, following a 0.3% drop a month prior.

According 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...