Foreign & Colonial Investment Trust
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]
 | |
| Public (LSE: FCIT) (NZX: FCT) | |
| Industry | Investment management |
| Founded | 1868 |
| Headquarters | London, UK |
Key people | Simon Fraser (Chairman) Paul Niven (Fund manager) |
| Revenue | £89.4 million (2019)[1] |
| £81.2 million (2019)[1] | |
| £70.9 million (2019)[1] | |
| Website | www.foreignandcolonial.com |
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
- "Annual Results 2019" (PDF). Foreign & Colonial Investment Trust. Retrieved 17 March 2020.
- "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
- Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". London: The Independent. Retrieved 4 November 2007.
- Graphite Capital Fund Investors: History
- "Fund Facts". Foreign & Colonial Investment Trust. 21 June 2017. Archived from the original on 21 June 2017. Retrieved 4 November 2007.
- "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.
