F & C Investment Trust

From Wikipedia, the free encyclopedia

F & C Investment Trust plc
Company type Public
Industry Investment management
Founded 1868 ; 156 years ago  ( 1868 )
Headquarters London , England
Key people
Simon Fraser ( Chairman )
Paul Niven ( Fund manager )
Revenue Increase ￡ 106.6 million (2023) [1]
Increase ￡ 96.2 million (2023) [1]
Increase ￡ 81.7 million (2023) [1]
Website www.foreignandcolonial.com

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]

History [ edit ]

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 [ edit ]

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 [ edit ]

  1. ^ a b c "Annual Report 2023" . Foreign & Colonial Investment Trust . Retrieved 19 March 2024 .
  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. ^ a b "How has investing changed in the last 150 years" . Columbia Threadneedle Investments . Retrieved 7 April 2024 .
  6. ^ "Graphite Capital Fund Investors: History" . Archived from the original on 11 July 2011 . Retrieved 24 April 2011 .
  7. ^ "Foreign & Colonial trust changes name to reflect its 'relevance in the modern world' " . Investment Week . 7 March 2018 . Retrieved 7 April 2024 .
  8. ^ "Avoid the FTSE 100 index and buy F&C Investment shares instead" . Invezz News . 30 January 2024 . Retrieved 7 April 2024 .
  9. ^ "Paul Niven" . Trust.net . Retrieved 9 April 2016 .
  10. ^ "Beatrice H.M. Hollond" . Brown Advisory . Retrieved 7 April 2024 .

Further reading [ edit ]

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

External links [ edit ]

Stub icon

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

Retrieved from " https://en.wikipedia.org/w/index.php?title=F_%26_C_Investment_Trust&oldid=1217789795 "