Foreign & Colonial Investment Trust (FRCL)

Business description

FRCL's investment objective is long-term growth in capital and income from a portfolio of primarily listed global equities, but also including unlisted investments. FRCL's blended benchmark index is a composite of 40% FTSE All-Share Index and 60% FTSE World ex-UK Index until 31 December 2012 and 100% the FTSE All-World Index thereafter. Gearing and the management of liabilities are important elements of FRCL's strategy.

Stock data

Market cap.£3175.5m
Last close583.50p
High / Low (52 weeks)585.0p / 420.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Foreign & Colonial Investment Trust

Wed, 08 Mar 2017 14:37:30 GMT

Who's the daddy? Foreign & Colonial Investment Trust plc is on a 10-year high

Tue, 07 Mar 2017 14:59:55 GMT

Investment Trust Watch: 'cheap' Foreign & Colonial

Fri, 17 Jun 2016 13:55:11 GMT

Foreign & Colonial: manager moves on after 17 years

Fri, 07 Mar 2014 19:05:03 GMT

Foreign & Colonial Investment Trust: Fund set for fresh divi rise after new ...

Sun, 19 Oct 2014 14:37:51 GMT

Investment summary

Foreign & Colonial Investment Trust (FRCL) is the oldest collective investment fund in the world, dating back to 1868. Manager Paul Niven aims to generate long-term growth in capital and income by investing in a range of focused strategies run both by BMO Global Asset Management and external managers. The portfolio is diversified by geography, sector and style; the trust is overweight Europe ex-UK and emerging markets, and underweight North America. FRCL also invests in private equity. Gearing of up to 20% of net assets is permitted. FRCL has a progressive dividend policy; the annual dividend has increased in each of the last 45 consecutive years and, following the repayment of a longstanding debenture at the end of 2014, interest costs have declined meaningfully.

Last updated on 07/12/2016

Key management

Simon Fraser, Chairman

Company address

Exchange House
Primrose Street
London
EC2A 2NY
United Kingdom
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