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 31.10.16

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV 5.02 23.09 26.02 46.95 100.28
    Share price 4.19 18.72 22.82 47.15 103.81
    Benchmark 4.68 27.16 29.96 47.42 97.96
    Discrete annual performance 2016/2015 2015/2014 2014/2013 2013/2012 2012/2011
    NAV 26.02 8.02 7.96 24.17 9.76
    Share price 22.82 10.29 8.63 24.96 10.84
    Benchmark 29.96 4.25 8.82 24.22 8.09

    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 31.10.16

  • 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 £3.5 billion (as at 31.10.2016)
    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

    Politics occupied centre stage in October. The Trump-Clinton presidential race took a further twist with the FBI’s announcement, late in the month, that they were re-opening their investigation into Clinton’s use of personal emails. Clinton’s lead narrowed significantly in the polls as the race entered its final stages. Sterling fell to a new 31-year low after UK Prime Minister Theresa May suggested that Brexit meant a hard Brexit and indicated that Article 50 will be triggered by March 2017. Sterling collapsed to below 1.18 against the US dollar during a flash crash in the early part of the month.

    Globally, economic data has generally been on an improving trend. JP Morgan’s global manufacturing purchasing managers’ index (PMI) continues to improve strongly with a particular sharp rise in India. China has seen a broad based pick-up in economic data, albeit mild. Politics is not the only field where surprises are sprouting. The UK leads the way in terms of positive economic surprises, with Europe not far behind. This theme of gentle improvement in underlying economic growth, combined with some upturn in inflationary pressures, will likely pressure bond markets but equities will hope for improvement in underlying corporate earnings to offset this headwind.

    We have made some new recent commitments to private equity funds as our existing exposure matures and continues to generate high levels of cashflow. Equity markets have benefited from an improvement in growth expectations globally and by a pushing out of rate rise expectations in the US. Nonetheless, underlying corporate earnings are growing only modestly and valuations of equities and other ‘risk assets’ are being bid up in response to easy policy. We maintain modest gearing on the Trust and 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 31 October 2016

  • 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.

  • Paul Niven

    Paul Niven

    Fund Manager

  • Investment Awards 2016 - winners logos_ForeignColonial

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.