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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

    691.00p +7.00p

      

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 30.04.18   

    Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
    NAV

    3.62

    -0.25

    10.77

    45.20

    83.80

    Share price

    4.96

    2.25

    18.39

    59.65

    103.17

    Benchmark

    2.89

    -1.65

    7.77

    40.93

    77.53

    Discrete annual performance 2018/2017 2017/2016 2016/2015 2015/2014 2014/2013

    NAV

    10.77

    30.29

    0.60

    19.73

    5.73

    Share price

    18.39

    32.24

    1.97

    21.45

    4.79

    Benchmark

    7.77

    31.22

    -0.34

    18.89

    5.95

    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 30.04.18

    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 April our net asset value (NAV) rose by 3.6%, reversing most of the losses from the first quarter. Our NAV return exceeded the 2.9% return from the FTSE All World Index and shareholder returns were better still, at 5.0%. Our returns were boosted by a further narrowing in the discount, which ended the month at 1.8%.

    April was a positive month for equity markets after a challenging first quarter. All major regions rose in sterling terms, with the UK gain of 6.4% strongly outperforming the global average. Here, the domestic market was boosted by a decline in sterling from the middle of the month (which was beneficial due to the high weighting of overseas earnings) and also by mergers and acquisitions activity, with one of our holdings, Shire, benefiting from a recommended takeover by Japan’s Takeda Pharmaceutical. Currency weakness was linked to a reappraisal of the UK’s economic prospects, with optimism fading as official data showed that the UK economy decelerated and grew by only 0.1% in the first quarter. This was accompanied by weaker inflation, leading to downward revisions to rate expectations in the UK.

    Elsewhere, some of the macroeconomic data has indicated a slowing in global activity. However, data releases, such as those in Europe, suggested that activity has stabilised at high levels. Aside from economic and corporate considerations, market participants also contemplated rising geopolitical tensions (fuelled by US sanctions on Russian entities) and fluctuating concerns over trade, anxious over how tit-for-tat threats between the US and China would unfold. Oil continued to rise, with positive demand and supply dynamics and tension in the Middle East rising due to US led military strikes on Syria.

    Equity markets have endured a volatile period so far in 2018 but have held ground. This is not unexpected, given the ageing economic cycle and equity bull market, as well as the fact that global central banks are likely to continue to withdraw liquidity. Nonetheless, the fundamental backdrop remains reasonable and equity markets are being supported by strong earnings growth.

    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 30 April 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

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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