Finsbury Growth & Income Trust PLC (LON:FGT) has announced its Fact Sheet as at 31 October 2026
Commentary
In October, the NAV was +12.6% on a total return basis and the share price was +11.8% on a total return basis, while the index was +1.1%.
October turned out to be a strong month for absolute and relative performance. In fact, looking back at the monthly returns of the Company, we calculate that the NAV return of 12.6% is the highest since 2009. In terms of relative performance, it is the best month that the Company has had since Lindsell Train was appointed investment manager in December 2000.
This is of course a short time frame and it is important to put these returns into context. The better performance results from a rally in major portfolio holdings that have been under share price pressure over the last 18 months. In other words, rightly or wrongly, we did not capitulate during that period of underperformance and sell these holdings and this means we have, at least, captured their bounce for shareholders. In fact, as I will argue below, we hope this is not just a bounce, but an inflection point in investor sentiment toward our holdings that could presage a long period of better returns
Finsbury Growth & Income Trust Plc (LON:FGT) invests in the shares of predominantly UK-listed companies, with the objective of achieving capital and income growth.
