• 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

    566.00p2.00p

    21 Feburary 2017

Performance

  • 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 31.12.16

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV 2.80 23.95 23.95 46.89 102.18
    Share price 4.92 23.72 23.72 53.11 112.18
    Benchmark 3.43 29.56 29.56 50.03 103.53
    Discrete annual performance 2016/2015 2015/2014 2014/2013 2013/2012 2012/2011
    NAV 23.95 7.48 10.26 21.38 13.39
    Share price 23.72 9.01 13.53 21.52 14.04
    Benchmark 29.56 4.04 11.30 21.03 12.09

    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 31.12.16

  • 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 Manager commentary

    January proved to be positive for equity markets and our NAV rose by 0.9% over the month. With a stable discount, ending January at 7.4%, our price returns were also 0.9% year to date.

    While President Trump gathered much of the headlines underlying fundamentals were also important. Economic data were strong in the US but even stronger in Europe, where it appears that the Eurozone posted stronger growth in 2016 than did the US. Indeed, while views on global growth prospects have improved markedly in recent months, this trend has been in place for some quarters now and Europe has shown consistent resilience, despite poor sentiment from investors.

    Coming into 2017 there had been a reappraisal of growth and inflation prospects globally and investors had backed the ‘reflation trade’. Nonetheless, January saw the US dollar fall by 2.7% over the month against the euro (despite increasing political worries in Europe) and by almost 2% against sterling.

    For much of the month, US equities were buoyed by hopes that the new administration led by Donald Trump would boost economic growth through increased fiscal stimulus and looser regulation. However, towards period-end some of Trump’s more controversial policies, such as the travel ban on nationals of seven majority-Muslim nations, began to hurt risk appetite. This followed the newly inaugurated president’s executive orders to withdraw the US from the Trans-Pacific Partnership trade agreement and construct a border wall with Mexico. US fourth-quarter economic growth disappointed, rising at a 1.9% annual rate versus the 2.2% expected, with a stronger dollar hurting exports.

    There are clear signs that, after a period of disappointment, corporate earnings are growing at a healthy rate once again. Continued improvement here is critical if equities are to maintain their general upwards trajectory. 2017 presents a number of risks, many of them political, but we are hoping for less by way of surprises this year than last.

    The outlook is better today than a year ago but markets have already factored in much of the improvement. That said, Trump, with pro-cyclical fiscal policy and with risks on global trade has increased the risks of both boom and bust in the years which to come. Recession is not a serious risk (yet) and animal spirits have yet to be unleashed suggesting that this year could, once again, provide scope for considerable surprises around a narrow consensus. 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 31 January 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

    566.00p2.00p

    21 Feburary 2017

  • 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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