A Compelling Choice 30 Aug 2012 11:09
FOREIGN & COLONIAL INVESTMENT TRUST REMAINS A COMPELLING CHOICE FOR INVESTORS
Britain’s oldest investment trust, the Silver-rated Foreign & Colonial Investment Trust (FRCL), just announced it increased net assets by 5.1% during the first six months of the year. This increase was no easy feat considering the current challenging market conditions.
F&C’s chairman Simon Fraser explained that the investment trust’s performance was boosted by its private equity holdings, which account for almost 19% of the portfolio. Meanwhile, listed companies, which continue to increase their dividends, also gave the investment trust a boost.
This investment trust is a compelling choice for investors because it has not only performed well in the last six months, but it has reported solid returns over the long term.
Managed consistently by Jeremy Tigue since 1997, F&C has comfortably beaten its peers in the Morningstar Global Large-Cap Blend Equity category over the last one, three, five and 10 years. These returns have been achieved with risk kept in check, and that’s despite the use of gearing.
Source:
http://www.morningstar.co.uk/uk/news/69962/3-Global-Equity-Funds-That-Beat-the-Odds.aspx