Call: 0800 136 420†
The value of your investments can go down as well as up, and you may not get back what you originally invested.
A shaky start to the month caused by fears of inflationary pressures and tighter-than-expected monetary policies on the parts of the US Federal Reserve and the European Central Bank rattled investors’ nerves. It was the worst sell-off since news that the UK had voted to leave the European Union in the June 2016 referendum. Income-oriented stocks, and in particular ones with high payouts, bore the brunt of the selling as bond yields jumped. By the end of February, however, the UK equity market had regained part of its composure, closing off its month’s lows as investors realised that fundamentals remained strong (as are UK corporate earnings).
There were a number of holdings that fared well during the month, including online restaurant-ordering service Just Eat. Its management has sought to continue to focus its attention on international expansion and operations as the UK economy (the company’s home country) is losing steam. Just Eat has become the leading operator in many markets in which it operates, and the international food-takeaway market is increasing. The company has also been investing in technology, marketing and logistics.
The share price of Compass Group, the world’s largest food-service company, rebounded from weakness suffered in January. It is making good progress in North America, which generates nearly two-thirds of group profit. The company is benefiting from competitive advantages such as scale and purchasing power. The good health of the US economy is also providing it with a good business pipeline.
There was little activity in terms of trading in February other than a few position adjustments on account of overall market activity.
As at 28 February 2018
The Company is an investment trust and therefore its shares are not subject to the Financial Conduct Authority's rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which came into effect on 1 January 2014. The Company conducts its affairs so that its shares can be recommended by Financial Advisers to ordinary retail investors in accordance with the Financial Conduct Authority's rules relating to non-mainstream investment products and intends to continue to do so.
Data currently unavailable.
Share price (B Shares)
Share price (Units)
The shares of the Company are listed on the London Stock Exchange.
Information in this section of the website concerning the Company is
directed solely at persons who are located in the UK. Nothing on this
website is, or is intended to be, an offer, advice, or an invitation, to
buy or sell any investments. Potential investors must read our full terms and conditions, and relevant Key Information Documents (KID), before proceeding further with any investment product referred to on
this website. The information on this website may not be suitable for
everyone, and retail investors unsure whether an investment product
referenced on this website will meet their individual needs should seek
advice before proceeding further with such product.
© 2018 F&C Management.
†Lines open 8.30am
to provide you with a better experience. By continuing to use this website you
are agreeing to our cookies
policy, which includes details on how you can amend your preferences. This
website is operated by F&C Management Limited, which is authorised and
regulated by the Financial Conduct Authority and registered in England and
Wales (Company No. 517895). Registered office: Exchange House, Primrose
Street, London EC2A 2NY. F&C Management Limited is a member of the
F&C Group. The F&C Group is wholly owned by BMO Global Asset
Management (Europe) Limited, which is itself a wholly owned subsidiary of the
Bank of Montreal.