Portfolio Manager Factsheet

September 2017

Heineken was down 8.5% after the placing of Euro 2.5bn. The biggest percentage faller last month was Greene King, down 20%.  The explanation for this is that there does genuinely seem to be a squeeze on UK consumer spending.

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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.