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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.£3903.7m
Last close720.00p
High / Low (52 weeks)741.0p / 595.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Foreign & Colonial Investment Trust (FRCL) is the oldest investment trust and is celebrating its 150th anniversary. Dividends have been paid every year since the fund was launched and 2017 marked the 47th consecutive annual increase. The board has proposed a subtle change in the name of the trust to F&C Investment Trust and this will be voted on at the April 2018 AGM. FRCL offers investors a diversified ‘one-stop-shop’ for investment in both listed and unlisted global equities. The trust had a strong set of results in FY17, with most of its underlying strategies outperforming their respective benchmarks. In terms of NAV and share price total return, FRCL is outperforming its benchmark over one, three and five years (its share price is also outperforming over 10 years).

Last updated on 19/03/2018

Key management

Simon Fraser, Chairman

Company address

Exchange House
Primrose Street
London
EC2A 2NY
United Kingdom
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