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A brief history of the F&C Investment Trust

Philip Rose founded F&C Investment Trust alongside barrister Samuel Laing
February 2018

Our history

  • Philip Rose founded F&C Investment Trust alongside barrister Samuel Laing, and Samuel Laing’s business partner James Thompson Mackenzie, who was also Deputy Chairman of the East Bengal Railway.
  • With the backing of influential politician Lord Westbury, F&C Investment Trust was launched on .
  • Today F&C Investment Trust has total assets of £4 billion (as at ), diversified across global holdings from over 30 different countries.
  • The Trust is one of the best-performing investment trusts around, returning 122.7% over the last five years1. Past performance is not a guide to future results.
  • F&C Investment Trust was designed to take advantage of the benefits of overseas investment, whilst managing the risks. The Trust would not invest more than 10% of its assets to a single security, providing investors with the opportunity to gain exposure to a diversified portfolio of securities through a single, modest, low-cost investment.
  • Having originated the closed-end fund structure, F&C Investment Trust has made the most of it, not only paying a dividend every year for the last 150 years, but also paying a rising dividend for the last 47 consecutive years. However, there is no guarantee that this will continue to be the case.
  • F&C Investment Trust has increased its dividend payout every year since . Over the last decade, the dividend has doubled, compounding at 7.3% per year compared with an average UK inflation rate of 2.4%2.
  • Similarly, BMO Financial Group parent company of BMO Global Asset Management has paid a dividend without fail since , overcoming world wars and financial crises to return value to its shareholders.
  • F&C Investment Trust is one of the Association of Investment Companies “Dividend Heroes”.

Performance as at .

 

 
 
Discrete annual performance 2017/2016 2016/2015 2015/2014 2014/2013 2013/2012
NAV 16.8 23.6 8.2 8.9 21.6
Share Price 21.1 23.7 9.0 13.5 21.5
Benchmark 13.8 29.6 4.0 11.3 21.0

Source: Lipper. Basis: share price, percentage growth, bid to bid, net income reinvested. Basis in accordance to the regulations of the Financial Conduct Authority. The discrete annual performance table refers to 12 month periods, ending at the date shown.

 
 

Definitions

NAV – Net Asset Value. This is the value of the fund’s assets (e.g. investments, stocks, shares, bonds) less its liabilities (i.e. costs that need to be paid out of the value of the fund)
Benchmark: The FTSE All-World (Total Return) Index

 

1 Source: Lipper and F&C. Basis: Percentage growth, Total return, net income reinvested over the last five years. .

2 Newlands Funds Research; The Story of �100.

    

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Let’s talk about risk

Past performance is not a guide to future performance. The value of all stock market investments can go down as well as up and you may not get back the full amount originally invested. If you feel you need specific investment advice that takes your individual circumstances fully into account, please talk to a financial adviser. The value of directly held property will reflect the valuations determined by professional independent valuers. Such valuations are the opinion of valuers at a particular time and are likely to be revised. Property and property-related assets can sometimes be illiquid. 

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