5th May 2016 10:23
LONDON (Alliance News) - Finsbury Growth & Income Trust PLC, celebrating 90 years since it was established as Scottish Cities Investment Trust PLC, on Thursday said it was boosted by holdings in Unilever, Sage Group and Relx in the first half of its financial year.
The trust reported a net asset value per share total return of 10.0% in the six months ended March 31, and a share price total return of 9.9%, beating the 3.5% total return of the FTSE All-Share Index benchmark.
"Your board continues to support fully our portfolio manager's strategy of investing for the long-term in durable, cash generative brands that are capable of sustained dividend growth and which should continue to deliver superior investment returns to shareholders," Chairman Anthony Townsend said in a statement.
The trust is managed by Lindsell Train Ltd.
Shares in Finsbury Growth & Income were up 0.5% at 584.10 pence Thursday.
By Samuel Agini; [email protected]; @samuelagini
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