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Foreign & Colonial Investment Trust

Foreign & Colonial Investment Trust is a publicly traded investment trust. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange.[2]

Foreign & Colonial Investment Trust plc
Public (LSEFRCL) (NZX: FCT)
IndustryInvestment management
Founded1868; 151 years ago (1868)
HeadquartersLondon, UK
Key people
Simon Fraser (Chairman)
Paul Niven (Fund manager)
Revenue£87.9 million (2018)[1]
£79.7 million (2018)[1]
£69.4 million (2018)[1]
Websitewww.foreignandcolonial.com

HistoryEdit

The Company was founded by Philip Rose, who also founded the Royal Brompton Hospital, in 1868 as The Foreign & Colonial Government Trust: it was the first collective investment scheme in the world[3] and specialised in investing in Government bonds. In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm.[4]

OperationsEdit

The Company has assets under management of approximately £3.7 billion and holds stakes in over 500 different companies in 35 countries worldwide.[5] The Company is managed by Paul Niven of F&C Management Limited, a subsidiary of F&C Asset Management plc.[6]

ReferencesEdit

  1. ^ a b c "Annual Results 2018" (PDF). Foreign & Colonial Investment Trust. Retrieved 17 March 2019.
  2. ^ "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
  3. ^ Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". London: The Independent. Retrieved 4 November 2007.
  4. ^ Graphite Capital Fund Investors: History
  5. ^ "Fund Facts". Foreign & Colonial Investment Trust. 21 June 2017. Archived from the original on 21 June 2017. Retrieved 4 November 2007.
  6. ^ "Paul Niven". Trust.net. Retrieved 9 April 2016.

Further readingEdit

  • F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.

External linksEdit