Foreign & Colonial Investment Trust

Foreign & Colonial Investment Trust plc
Public (LSE: FRCL) (NZX: FCT)
Industry Investment management
Founded 1868 (1868)
Headquarters London, UK
Key people
 Simon Fraser (Chairman)
Paul Niven (Fund manager)
£71.8 million (2017)[1]
£63.5 million (2017)[1]
Website www.foreignandcolonial.com

Foreign & Colonial Investment Trust is a publicly traded investment trust. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange.[2]

History

The Company was founded by Philip Rose, who also founded the Royal Brompton Hospital, in 1868 as The Foreign & Colonial Government Trust: it was the first collective investment scheme in the world[3] and specialised in investing in Government bonds. In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm.[4]

Operations

The Company has assets under management of approximately £3.7 billion and holds stakes in over 500 different companies in 35 countries worldwide.[5] The Company is managed by Paul Niven of F&C Management Limited, a subsidiary of F&C Asset Management plc.[6]

References

  1. 1 2 "Annual Results 2017". Foreign & Colonial Investment Trust. Retrieved 25 March 2018.
  2. ↑ "New Zealand Stock Exchange". NZX. Retrieved 2018-08-14.
  3. ↑ Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". London: The Independent. Retrieved 4 November 2007.
  4. ↑ Graphite Capital Fund Investors: History
  5. ↑ "Fund Facts". Foreign & Colonial Investment Trust. 21 June 2017. Archived from the original on 21 June 2017. Retrieved 4 November 2007.
  6. ↑ "Paul Niven". Trust.net. Retrieved 9 April 2016.

Further reading

  • F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.
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