Nick Train adds to Rightmove as long-term holdings Burberry and Remy Cointreau struggle

Finsbury Growth & Income March factsheet

Finsbury Growth & Income has continued to build its position in its newest portfolio purchase Rightmove in March, as long-term luxury brand holdings struggled.

The trust's net asset value increased 0.8% on a total return basis for the period. The share price was up 0.5% on a total return basis, trailing the FTSE All Share's 4.8% gains. Over ten years, the trust generated the second highest returns out of the IT UK Equity Income sector (106.3%). Near term, however, it has struggled, dropping to 13th out of 19 portfolios over three and five years, according to data from FE fundinfo. The trust is currently trading at a 7.2% discount to NAV, according to the Association of Investment Companies, wider than the sector's 6.3% average. ...