F & C Investments

Foreign & Colonial Investment Trust

  • Strong track record of success

  • How to Invest

    Open an F&C Savings Plan

    Call: 0800 136 420

    Invest online now

    Or contact your usual investment broker

  • Performance

    These tables show you how the fund has performed over the last five years.  The fund has achieved positive growth over these periods, but please remember that past performance is not a guide to future results and the value of investments can go down as well as up.

    We've provided some useful definitions below the tables to help with interpreting the performance figures.

  • Fund performance

    Foreign & Colonial Investment Trust - performance chart

    Performance (%) as at 28.02.17

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV 3.87 5.10 33.22 54.14 96.12
    Share price 3.57 4.51 34.20 58.56 105.78
    Benchmark 4.03 4.95 37.73 58.35 98.28
    Discrete annual performance 2017/2016 2016/2015 2015/2014 2014/2013 2013/2012
    NAV 33.22 -0.89 16.73 8.48 17.29
    Share price 34.20 -3.48 22.41 10.57 17.38
    Benchmark 37.73 -2.13 17.47 7.44 16.55

    Source: Lipper. Basis: share price, percentage growth, bid to bid, net income reinvested. Basis in accordance to the regulations of the Financial Conduct Authority. The discrete annual performance table refers to 12 month periods, ending at the date shown. The cumulative performance table refers to cumulative periods ending 28.02.17

  • Useful definitions

    NAV - Net Asset Value. This is the value of the fund's assets (e.g. investments, stocks, shares, bonds) less its liabilities (i.e. costs that need to be paid out of the value of the fund)
    Benchmark: The FTSE All-World (Total Return) Index


  • Fund facts
    Investment manager F&C Investment Business Limited
    Benchmark FTSE All World TR index (Pre 01/01/2013 60% FTSE World ex UK TR Index/40% FTSE All Share TR Index).
    AIC sector Global
    Launch date 1868
    Total assets £3.6 billion (as at 28.02.2017)
    Currency Sterling
    ISIN GB0003466074
    SEDOL 346607
    Ticker symbol FRCL
    Key dates
    Annual general meeting April
    Year end 31 December
    Dividends paid February, May, August, November (Quarterly)
    Results announced March (final)
    July (half yearly)
  • Fund Manager commentary

    In February, Foreign & Colonial returned 3.9%, in NAV terms while our share price total return was 3.6%. Market sentiment remained positive in February with global equity markets performing strongly as the FTSE All World gained by 4.0% over the month. Equity markets reacted positively to the continued loose monetary stance by central banks, improving inflation and growth data and further prospects of fiscal stimulus in America. US markets performed strongly (+5.1%) on the expectations of Trump’s pledges to cut taxes and regulation while raising spending on infrastructure.

    US interest rates were kept on hold during the month but comments by Federal Reserve officials raised expectations for an imminent hike in US rates. Despite this, government bond yields generally fell in February and some of the more cyclical areas of the market, which have been buoyed by expectations of rising growth and interest rates, posted modest underperformance against the broad market.

    It is encouraging to see strengthening economic data and an improving corporate earnings outlook across the US and Europe in particular. The positive momentum in the global economy is likely to persist and we do expect several rate rises in the US this year, albeit progressing in an orderly manner. Nonetheless, 2017 is shaping up to be another tense year in terms of political events. Increasingly, markets are looking towards the French presidential elections in April and May and the prospect of Marine le Pen gaining the presidency. She is widely expected to perform well in the first round of the contest, potentially winning this stage, but few expect her to emerge victorious in the second round. Nonetheless, given the fact that markets were wrong-footed on the Brexit referendum and Trump’s victory in the US, investors remain nervous over the potential for surprise results from the ballot box.

    Despite risks emanating from politics, underlying fundamentals for equities have been on an improving trend. Corporate earnings growth is positive and momentum in the global economy remains encouraging. We expect that the US Federal Reserve will continue to modestly raise interest rates as we progress through the year but policy remains accommodative and fiscal stimulus will, in due course, likely lead to a better growth outturn in the US.

    We continue to run a range of diversified underlying stock selection strategies and believe that we remain well placed to withstand any further short-term volatility in markets.   

    As at 28 February 2017

  • The value of shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. Past performance is not a guide to future performance. When you sell your shares, you might get back less than you originally invested. If markets fall, gearing can magnify the negative impact on performance. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. Emerging Markets, Unquoted Companies and Smaller companies carry a higher degree of risk and their value can be more sensitive to market movement; their shares may be less liquid and performance may be more volatile. The fund may invest in hedge funds or private equity funds which are not normally available to individual investors, exposing the fund to the performance, liquidity and valuation issues of these funds. Such funds typically have high minimum investment levels and may restrict or suspend redemptions or repayment to investors. The asset value of these shares and its prospects may be more difficult to assess.

  • Share price

    564.55p0.05p

    25 April 2017

  • Paul Niven

    Paul Niven

    Fund Manager

  • Investment Awards 2016 - winners logos_ForeignColonial           Morning Analyst Rating - silver logo          Rated fund logo 2017         AIC Dividend Logo

Past performance is not a guide to future results. The value of investments can go down as well as up.

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 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.

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