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

    The value of your investments can go down as well as up, and you may not get back what you originally invested.

  • 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 31.08.17

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV 2.41 13.04 21.12 58.86 110.30
    Share price 3.26 15.24 26.21 68.37 126.95
    Benchmark 2.77 10.60 19.69 54.52 109.16
    Discrete annual performance 2017/2016 2016/2015 2015/2014 2014/2013 2013/2012
    NAV 21.12 22.41 7.15 10.84 19.44
    Share price 26.21 18.66 12.43 11.26 21.15
    Benchmark 19.69 26.69 1.90 13.33 19.44

    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 31.08.17

  • 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

    During July, our net asset value (NAV) gained by 1.3%, pushing year to date gains to 10.4%. Our NAV return was in line with global equity markets on the month but a narrowing in our discount led to shareholder total returns of 2.7% for July, and 11.6% for the first seven months of the year. Our year to date returns are comfortably ahead of equity markets, which have posted gains of 7.6%.

    It was generally a positive month for equities though currency movements influenced returns for sterling based investors across the major geographic blocs. European equity markets performed relatively poorly in local terms as the strength in the euro gave rise to concerns over the impact of currency strength on corporate earnings. Conversely, the decline in the US dollar held back returns there for UK based investors. A weaker dollar did, however, help to spur further gains in emerging market equities, which continued to lead the way amongst the major regions.

    In the US, another monthly inflation print came in below expectations and, despite the Federal Reserve indicating that they are moving closer to balance sheet reduction, investors concluded that the Federal Reserve would continue with only modest tightening in policy. Political concerns continued with President Trump’s team under investigation for links to Russia and the Republicans struggling to pass meaningful reform. The repeated failure to push through Trump´s plans on US healthcare reform raised fresh questions over the President´s ability to enact tax cuts and raise spending.

    Closer to home, noise around Brexit negotiations continued and UK data releases were mixed, with unemployment falling to a 42 year low of 4.5% and inflation levels moderating while activity indicators showed a softening in economic activity.

    Having delivered strong returns over the first half of the year equity markets are likely to find progress somewhat more difficult in coming quarters. Corporate earnings have recovered well and there remains scope for upside surprises in a number of areas but markets have moved to price in better prospects already. The move towards balance sheet reduction by global central banks and ongoing tightening in monetary policy provide a risk for asset markets. Nonetheless, with low inflation and better earnings prospects globally equities appear better supported by corporate fundamentals.

    We continue to invest in 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 July 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.

  • Paul Niven

    Paul Niven

    Fund Manager

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.