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  • Launched in 1868, the Trust is the world's oldest collective investment fund 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 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 450 individual companies from around the world.
  • 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

    641.00p +6.00p



  • 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 28.02.18

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV -1.03 0.35 11.62 47.38 86.63
    Share price -1.66 1.03 17.02 51.57 105.14
    Benchmark -1.05 -0.58 7.84 45.37 83.46
    Discrete annual performance 2018/2017 2017/2016 2016/2015 2015/2014 2014/2013
    NAV 11.62 33.22 -0.89 16.73 8.48
    Share price 17.02 34.20 -3.48 22.41 10.57
    Benchmark 7.84 37.73 -2.13 17.47 7.44

    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 28.02.18

    Note: The performance figures shown here will differ to those shown in the Key Information Document (KID) as they are based on actual past performance data. The performance information in the KID is presented on a forward-looking basis using economic models based on historical prices and volatility of the product (as prescribed by regulations).

  • 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

    During January, our net asset value gained ahead of the FTSE All World Index. Our share price total return was better still, as our discount narrowed slightly. Equity market returns were very strong in January, with the US S&P500 returning 5.7% in local terms, although our returns from overseas holdings were dampened by a rise in sterling, which rose from 1.35 against the dollar to 1.42 over the month. Indeed, the US dollar was notably weak in January, despite ongoing strength in the economy and rises in bond yields, as Treasury Secretary Steven Mnuchin suggested that a weak currency was good for the US and reports emerged of China planning to reduce purchases of Treasuries.

    The US equity market ended the month having posted 15 consecutive months of gains for investors – an unprecedented feat. After a very strong year in 2017, this year began with investors displaying increasing optimism over market prospects, driven by robust earnings expectations and buoyed by the prospect of US corporate tax cuts. Rising rate expectations and an associated upward drift in longer term interest rates did little to disturb equity-market progress in January.

    Since month end, however, volatility has returned with a vengeance. Despite an apparently supportive fundamental backdrop, a disappointing print on US wage inflation was sufficient to trigger a sharp sell-off in bond markets and puncture equity markets, which fell into correction territory. We had been anticipating a rise in volatility this year, but the speed and severity has taken us, and most market participants, by surprise, with markets displaying an extraordinary turn in sentiment on the back of only a limited change in fundamental dataflow.   

    In our view, the fundamental backdrop for equity markets continues to be supportive, but the recent volatility is unlikely to dissipate immediately. With central-bank policy tightening and the bull market in equities mature, valuations are now less forgiving, and we are reliant on improvements in corporate earnings, rather than multiple expansion, to make further progress.

    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 January 2018

  • 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 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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