Factsheet: Foreign & Colonial Investment Trust Ord

Global Growth

Rated Fund 2015-17. Perfect for investors with smaller portfolios

Foreign & Colonial � the UK's oldest investment trust, established in 1868 � was highly commended in the Best Global Growth Trust category of Money Observer's investment trust awards in 2017. A near �4 billion trust, it is low-cost (0.53 per cent) and very well-diversified, holding more than 500 companies in 35 countries.

Describing itself as conservatively managed, the trust aims to �be at the centre of an investor's portfolio'. David Liddell, a director of IpsoFacto Investor, an online investment advisory service, believes it fulfils that role. �For investors who like to sleep at night, Foreign & Colonial fits the bill and is perfect for smaller portfolios where investors want some international exposure,' he says.

The trust has been managed since 2014 by Paul Niven, who decides the asset allocation and level of gearing. He divides the portfolio into a range of global and regional strategies. Some of these are subcontracted to external managers.

Niven can have 20 per cent in private equity (7 per cent in June 2017); incorporating this, the portfolio had 47 per cent of assets in North America, 20 per cent in Europe, 13 per cent in emerging markets, 11 per cent in Japan and less than 6 per cent in the UK at the end of 2017.

Besides its long-term growth objective, it has a 47-year history of annual dividend increases. It yields 1.6 per cent and pays dividends quarterly.

Shares in the trust have traded within a range of a 3 per cent premium to a 12 per cent discount over the past three years.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Foreign & Colonial Investment Trust Ord
Manager
F&C Asset Management PLC
Type
Closed Ended Investment Company
ISIN
GB0003466074
Sector
Global
Launched
01/01/1868
OCF
0.53 %
Risk Rating
3
3 Year Sharpe
1.60
3 Year Alpha
6.19
Yield
1.6 %
Benchmark
FTSE All World TR GBP
Fund Size
£ 3.71 billion
NAV
699
Gearing
107
Discount Premium
-2
To secure long-term growth in capital and income from an international diversified portfolio of listed equities, as well as unlisted securities and private equity with gearing.
Holding %
Amazon.com Inc 1.80 %
Microsoft Corp 1.29 %
UnitedHealth Group Inc 0.94 %
Anthem Inc 0.86 %
Facebook Inc A 0.81 %
Utilico Emerging Markets Ord 0.80 %
Booking Holdings Inc 0.77 %
JPMorgan Chase & Co 0.77 %
Intesa Sanpaolo 0.74 %
Alphabet Inc C 0.73 %
Region %
United States 46.89 %
Eurozone 14.84 %
Japan 11.49 %
Asia - Emerging 7.75 %
United Kingdom 6.84 %
Sector %
Financial Services 22.27 %
Consumer Cyclical 17.11 %
Technology 14.08 %
Healthcare 11.05 %
Industrials 10.79 %
Consumer Defensive 9.09 %
Name
F&C Asset Management PLC
Address
EC2A 2NY, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Paul Niven
Joined 07/01/2014

Paul Niven is Director and Head of Strategy, having joined F&C in 1996. Paul moved to Investment Strategy in 99 having initially started in a fund management role in Pacific Basin eq. He assumed the position of Head of Strategy for ISIS in July 02 and is responsible for Asset Allocation across a broad range of funds. Paul graduated from the University of Strathclyde with a BA (hons) in Acc and Econ, before going on to obtain an MPhil in Finance. Paul is an associate member of AIMR and a member of UKSIP.

Data provided by Morningstar.

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