Portfolio Manager Factsheet
Unilever ended the month down 1.1%, but it felt worse, because on the 18th October the shares had hit an all-time high of £45.48 and the fall over the next 10 days was 6% from there. Even after that drop the shares remain up 29% year-to-date. A near 3% dividend yield, with a dividend that has grown at nearly 10% pa over the last decade is no reason to argue that Unilever is cheap.
Finsbury Growth & Income Trust PLC conducts its affairs so that its shares can be recommended by independent financial advisers (IFAs) to retail private investors. The shares are excluded from the Financial Conduct Authority's (FCA's) restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust.