• Foreign-and-Colonial - NEW BANNER
  • Launched in 1868, the Trust was the first ever investment trust and has since gone on to amass an impressive track record and grow into one of the largest of its kind. Its aim is to generate mid to long-term growth and income by investing primarily in an international portfolio of listed equities. The Trust is highly diversified and cautiously managed, with exposure to over 500 individual companies from around the world.
  • How to Invest

    Open an F&C Savings Plan

    Call: 0800 136 420

    Invest online now

  • Share price




  • 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 31.08.16

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV 2.16 15.68 22.41 45.37 90.74
    Share price 3.38 12.96 18.66 48.42 94.06
    Benchmark 1.73 19.72 26.69 46.31 92.52
    Discrete annual performance 2016/2015 2015/2014 2014/2013 2013/2012 2012/2011
    NAV 22.41 7.15 10.84 19.44 9.86
    Share price 18.66 12.43 11.26 21.15 7.93
    Benchmark 26.69 1.90 13.33 19.44 10.17

    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 31.08.2016

  • 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 Manager commentary

    Central banks once again took centre stage in September, though they were characterised by inactivity. The European Central Bank was first up and despite widespread expectations that they would ease further, policy remained on hold. The Bank of Japan would claim that they announced a bold initiative by targeting the 10 year yield at zero and stating that they would tolerate an overshoot of their inflation target. But they chose not to push official rates further into negative territory and the banking sector of the Nikkei jumped 7% on the day and the yen strengthened. Policy on hold by the US Federal Reserve had become the strong consensus by the time that the meeting took place on 21 September following weakness in economic data, notable retail sales and purchasing managers’ indices. September was also notable for suggestions from OPEC that they would reach agreement to curtail production, following which Brent rose by 5.9% on the day.

    Brexit issues were again in focus as was the US presidential campaign. Sterling declined as EU leaders toughened rhetoric on the negotiating terms, indicating that the UK will not be able to pick and choose the benefits of the single market. On 26 September, the first televised US presidential debate took place with Clinton remaining the favourite to win the election . Elsewhere, Deutsche Bank was a focus of concern following reports of liquidity issues and the announcement of a potential USD14bn fine from the US Department of Justice.

    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 30 September 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

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

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.



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