F_&_C_Investment_Trust

F & C Investment Trust

F & C Investment Trust

British investment trust

F & C Investment Trust, formerly 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]

Quick Facts Company type, Traded as ...

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.[5]

In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925.[5]

In 1981, the company launched Graphite Capital, a leading UK private equity firm.[6]

The company shortened its name from The Foreign & Colonial Investment Trust to F & C Investment Trust in 2018.[7]

Operations

The company has assets under management of approximately £5.0 billion as at 31 January 2024.[8] The company is managed by Paul Niven of F&C Asset Management.[9] The current chair is Beatrice Hollond.[10]

References

  1. [1]
    "Annual Report 2023". Foreign & Colonial Investment Trust. Retrieved 19 March 2024.
  2. [2]
    "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
  3. [3]
    Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". The Independent. London. Retrieved 4 November 2007.
  4. [4]
    "The money doctors". The Economist. 12 November 2020. ISSN 0013-0613. Retrieved 22 November 2020.
  5. [5]
    "How has investing changed in the last 150 years". Columbia Threadneedle Investments. Retrieved 7 April 2024.
  6. [6]
    "Graphite Capital Fund Investors: History". Archived from the original on 11 July 2011. Retrieved 24 April 2011.
  7. [7]
    "Foreign & Colonial trust changes name to reflect its 'relevance in the modern world'". Investment Week. 7 March 2018. Retrieved 7 April 2024.
  8. [8]
    "Avoid the FTSE 100 index and buy F&C Investment shares instead". Invezz News. 30 January 2024. Retrieved 7 April 2024.
  9. [9]
    "Paul Niven". Trust.net. Retrieved 9 April 2016.
  10. [10]
    "Beatrice H.M. Hollond". Brown Advisory. Retrieved 7 April 2024.

Further reading

  • F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.
Stub icon

This article about a financial services company in the United Kingdom is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article F_&_C_Investment_Trust, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.