Foreign & Colonial Investment Trust
 | |
| Type | Public (LSE: FCIT) (NZX: FCT) |
|---|---|
| Industry | Investment management |
| Founded | 1868 |
| Headquarters | London, England |
Key people | Simon Fraser (Chairman) Paul Niven (Fund manager) |
| Revenue |  £70.2 million (2019)[1] |
| £62.3 million (2019)[1] | |
| £52.5 million (2019)[1] | |
| Website | www.foreignandcolonial.com |
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 250 Index; it is also listed on the New Zealand Exchange.[2]
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. In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm.[5]
Operations[]
The company has assets under management of approximately £3.7 billion and holds stakes in over 500 different companies in 35 countries worldwide.[6] The company is managed by Paul Niven of F&C Asset Management.[7]
References[]
- ^ Jump up to: a b c "Annual Report 2020" (PDF). Foreign & Colonial Investment Trust. Retrieved 15 March 2021.
- ^ "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
- ^ Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". The Independent. London. Retrieved 4 November 2007.[permanent dead link]
- ^ "The money doctors". The Economist. 12 November 2020. ISSN 0013-0613. Retrieved 22 November 2020.
- ^ Graphite Capital Fund Investors: History
- ^ "Fund Facts". Foreign & Colonial Investment Trust. 21 June 2017. Archived from the original on 21 June 2017. Retrieved 4 November 2007.
- ^ "Paul Niven". Trust.net. Retrieved 9 April 2016.
Further reading[]
- F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.
External links[]
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- Investment trusts of the United Kingdom
- Financial services companies established in 1868
- British companies established in 1868
- 1868 establishments in England
- Companies listed on the London Stock Exchange
- Companies listed on the New Zealand Exchange
- Dual-listed companies
- United Kingdom financial services company stubs