Nick Train lists Diageo and Burberry as biggest disappointments in 2023
Finsbury Growth and Income underperformed for the third year running
Finsbury Growth and Income underperformed for the third year running
The manager has been adding to Diageo, despite the company encountering problems with its operations in Latin America
Finsbury Growth & Income manager said the holding’s ‘blue-sky’ goals are achievable despite recent share price slump
Period of hyper-consumption would be driven by ‘extraordinary trend of wealth creation by new industries’ rather than Covid re-opening trade
Finsbury Growth & Income manager highlights deals from Diageo and Relx in August factsheet
Finsbury Growth and Income investment trust manager has been adding to Heineken
‘We have been rewarded during previous unsettling episodes by treating them as buying opportunities’
Star manager also hits out at UK dividend culture
Investors shouldn’t limit themselves to the UK or Europe but should avoid the lure of the value trade, said Sanlam Private Investments Pieter Fourie.
Despite adverse results hitting Diageo’s third quarter results, Nick Train is confident that shares will race ahead as soon as news turns positive again.