• Capital and Income Investment Trust
  • The Trust looks to generate long-term capital and income growth from a portfolio consisting mainly of FTSE All-Share companies. The Trust is heavily biased towards companies that look capable of paying a reliable and growing income to shareholders. Given this emphasis the fund manager focuses on attractively valued, well established companies characterised by strong balance sheets and robust cash flow. The Trust looks to grow its dividend consistently over time and dividends are paid at the end of each calendar quarter.
  • 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.

  • Share price

    325.00p +1.00p

      

Key facts

  • Key Information Document (KID)

    ISIN Trust name Currency English
    GB0003463287 F&C Capital & Income Investment Trust PLC GBP KID  

    The F&C Capital and Income Investment Trust offers the best of both worlds; the potential for long-term capital growth and a regular, growing income.

    Highlights of the F&C Capital and Income Investment Trust:

    • Dividends increased annually since launch in 1992, paid quarterly and grown significantly faster than inflation
    • Diversified portfolio focusing on well-established UK companies
    • Targets long-term capital and income growth.
  • Fund facts
    Investment manager F&C Investment Business Limited
    Benchmark FTSE All-Share Index
    AIC sector UK Growth and Income
    Launch date 1992
    Total assets £329.8 million (as at 31.03.2018)
    Currency Sterling
    ISIN GB0003463287
    SEDOL 346328
    Key dates
    Annual general meeting February
    Year end 30 September
    Dividends paid March, June, September, December (Quarterly)
    Results announced May (half yearly)
    November (final)
  • Fund manager commentary

    The UK equity market continued its strong progress from December into the first two weeks of January but then fell, ending the month with a negative return of 1.9%. Although this seems quite a large move, it is less than half of the gain the market made in December, so taking the two together, equities are still well ahead.

    The reason for the set-back in markets can largely be explained by the rise in bond yields, both in the UK and in many other international markets. Bond yields have been at exceptionally low levels for so many years that an increase, although widely expected, caused some upset in other markets. Bond yields, of course, were low for fundamental reasons – expectations of low economic growth rates and low inflation after the 2008 financial crisis – and because of deliberate policy – quantitative easing. The increase in economic growth and possibility of inflation really should be positive for equities in the long term but, at least in the short-term, the disruption in the bond market is outweighing this.

    Further support for the equity market has been coming from corporate activity, and two companies within the portfolio announced major proposed deals. Melrose Industries has made a hostile bid for GKN. We are long-standing investors in Melrose, seeing its management team as among the very best, and believe it would be able to revitalise the perennially disappointing GKN. Informa also announced a merger with UBM, a deal that has been proposed in the past, and one that should drive attractive synergies.

    As at 31 January 2018

  • Julian Cane

    Julian Cane

    Fund manager

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 and the relevant Key Information Documents (“KID”) 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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