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 Exchange.[2]

F&C Investment Trust plc
TypePublic (LSE: FCIT) (NZX: FCT)
IndustryInvestment management
Founded1868 (1868)
HeadquartersLondon, England
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]
Websitewww.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][4] 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.[5]

Operations

The company has assets under management of approximately £3.7 billion and holds stakes in over 500 different companies in 35 countries worldwide.[6] The company is managed by Paul Niven of F&C Asset Management.[7]

References
  1. "Annual Results 2019" (PDF). Foreign & Colonial Investment Trust. Retrieved 17 March 2020.
  2. "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
  3. Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". The Independent. London. Retrieved 4 November 2007.
  4. "The money doctors". The Economist. 12 November 2020. ISSN 0013-0613. Retrieved 22 November 2020.
  5. Graphite Capital Fund Investors: History
  6. "Fund Facts". Foreign & Colonial Investment Trust. 21 June 2017. Archived from the original on 21 June 2017. Retrieved 4 November 2007.
  7. "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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