F&C Asset Management
F&C Asset Management Plc is an international asset management company and is part of BMO Global Asset Management.
 | |
| Type | A wholly owned subsidiary of Bank of Montreal (BMO) |
|---|---|
| Industry | Investment management |
| Founded | 1972 |
| Headquarters | London, England, UK |
Key people | Kieran Poynter (Non-Executive Chairman) Richard Wilson (Chief Executive) |
| Revenue | £257.5 million (2013)[1] |
| £38.5 million (2013)[1] | |
| £10.2 million (2013)[1] | |
F&C’s head office is in the City of London in Exchange House, Primrose Street, London.
History
F&C can trace its roots back to 1868, when Foreign & Colonial Investment Trust, the world’s first investment trust was launched. In 2014 F&C Investments became part of BMO Global Asset Management, and ultimately the BMO Financial Group.[2]
Operations
F&C Investments currently have over 25 offices in 14 countries around the world.
F&C have four regional investment hubs, in London, Toronto, Chicago and Hong Kong, as well as a number of itinerant investment teams.
Products & Investment Trusts
With 10 investment trusts, F&C Investments offer investments including equities, bonds, property and private equity. F&C trusts have different aims and strategies with the option of capital growth, income or a combination of both and with a specific regional focus or with a global remit
The funds include;
- European Assets Trust
- F&C Capital and Income Trust
- F&C Commercial Property Trust
- F&C Global Smaller Companies
- F&C Managed Portfolio Trust
- F&C Private Equity Trust
- F&C UK High Income Trust plc
- F&C UK Real Estate Investments
- Foreign & Colonial Investment Trust
- TR Property Trust
F&C Investments also provide a range of savings plans designed to meet varying investment goals including;
- Savings plans for children;
- Junior ISA
- Children’s Investment Plan
- Child Trust Fund
- Investment Trust ISA
- Private Investor Plan
Ownership
On 7 May 2014, F&C Investments was acquired by Bank of Montreal through its wholly owned subsidiary, BMO Global Asset Management (Europe) Limited. Prior to this it was listed on the London Stock Exchange.[3]
References
- Preliminary Results 2013
- Beth Brearley (June 11, 2015). "F&C to rebrand as BMO Global Asset Management". Money Marketing.
- Ben Dummett (January 28, 2014). "Bank of Montreal to Buy F&C Asset Management". The Wall Street Journal.
Further reading
- F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.