Finsbury Growth & Income trust (FGT) has raised its portfolio allocation to Burberry following a difficult period for the brand.
In its monthly factsheet released on Thursday (12 June), FGT's holding in Burberry reached 4.6% of its total investments as at 31 May 2025, the highest since the end of February, when that percentage stood at 4.8%. In April's factsheet, FGT revealed it had just 3.3% of its portfolio allocated to the British consumer staple. Nick Train's Finsbury Growth & Income reinvests HL takings as pre-tax profits slump 78% The manager said Burberry's full year results, released in May, "provided reassurance that last year's problems amounted to a ‘brand execution crisis, not a financial c...
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