Foreign & Colonial Investment Trust
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
|Amazon.com Inc||2.04 %|
|Microsoft Corp||1.39 %|
|UnitedHealth Group Inc||1.06 %|
|Anthem Inc||1.03 %|
|Alphabet Inc C||0.82 %|
|Facebook Inc A||0.79 %|
|Booking Holdings Inc||0.73 %|
|JPMorgan Chase & Co||0.73 %|
|Novo Nordisk A/S B||0.71 %|
|Utilico Emerging Markets Ord||0.71 %|
|United States||49.97 %|
|Asia - Emerging||7.54 %|
|United Kingdom||6.20 %|
|Financial Services||20.65 %|
|Consumer Cyclical||16.15 %|
|Consumer Defensive||8.71 %|
|Basic materials||5.11 %|
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.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.