F&C Investment Trust plc
TypePublic
IndustryInvestment management
Founded1868 (1868)
HeadquartersLondon, England
Key people
Simon Fraser (Chairman)
Paul Niven (Fund manager)
RevenueIncrease £96.2 million (2022)[1]
Increase £86.5 million (2022)[1]
Increase £72.6 million (2022)[1]
Websitewww.foreignandcolonial.com

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 100 Index; it is also listed on the New Zealand Exchange.[2]

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. 1 2 3 "Annual Report 2022" (PDF). Foreign & Colonial Investment Trust. Retrieved 9 March 2023.
  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". Archived from the original on 11 July 2011. Retrieved 24 April 2011.
  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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