F&C Investment Trust PLC

Celebrating 150 Years

1868

F&C Investment Trust founded: The world’s oldest collective investment fund

The F&C Investment Trust was launched in , bringing the benefits of investing to a wider audience. Click here for more
2018

The investment trust today

The trust aims to secure long-term growth by investing mainly in a diverse, international portfolio. Whether you want to save tax-efficiently, boost your retirement income, or give a child a financial head start, now’s a great time to find out more. Click here for more

2168

We stay on top of the future, to help you shape yours

Click here for more

1868

F&C Investment Trust founded: The world’s oldest collective investment fund

The F&C Investment Trust was launched in , bringing the benefits of investing to a wider audience. Click here for more
2018

The investment trust today

The trust aims to secure long-term growth by investing mainly in a diverse, international portfolio. Whether you want to save tax-efficiently, boost your retirement income, or give a child a financial head start, now’s a great time to find out more. Click here for more

2168

We stay on top of the future, to help you shape yours

Click here for more

The Past - 1868

The world’s oldest collective investment fund

The F&C Investment Trust was launched in 1868, bringing the benefits of investing to a wider audience. A lot has happened since then. 150 years later, the world’s oldest collective investment fund is still going strong. If you’re looking to generate your capital and income over the longer term, this could be the investment for you.

INITIAL SUM RAISED

£

Our history and our principles

As we celebrate 150 years, take a look at our short video to see a brief snapshot of history and changes since launch

“The exact idea upon which it starts has never been used before. In our judgement, that idea is very good.”

The Economist c. 1868

The Present - 2018

The investment trust today

F&C Investment Trust aims to grow your capital and income over the long term. To find the best opportunities for your money to grow, we invest globally:

  • In the shares, or equities, of well established companies listed on the world’s major stock markets
  • In rising star companies in developing markets
  • In some long-term less liquid investments, such as private equity.

TOTAL ASSETS

£
BILLION

F&C Investment Trust 150 Lecture – Dr Eliza Filby

F&C Investment Trust 150 Dinner – Alexander Stubb

On 19 March to mark our 150-year anniversary we had the privilege of opening trading on the London Stock Exchange.

How we make the most of your investment

Global outreach

We have a global approach with no constraints to specific countries, continents, industries or sectors. Although we mainly invest in publicly listed equities, we still have the flexibility to invest in other types of securities or assets when the time is right.

Adapting to change

F&C Investment Trust, launched in 1868 as the world’s oldest collective investment fund, flourished despite two world wars, the great depression, the financial crisis in 2008 and many other ups and downs in between. We’ve flourished by watching and learning from the markets, innovating and moving with the times and most importantly, never forgetting to take the long-term view.

We spread the risk for smoother returns

Instead of making large investments in a small number of companies, the Trust’s £3.5 billion of assets (as at 31 January 2017) are spread more widely over 500 companies. The reason is that if one of the investments doesn’t perform well, then the wider portfolio doesn’t take a big hit. By diversifying our investments, we smooth out the peaks and troughs for our investors.

Income

We recognised long ago the importance of growing dividends for our investors and building up substantial reserves. So, not only have we been prudent by putting money aside, we have increased the payment to investors every year for the past 46 years and it has outpaced inflation in all but one of the last 35 years.

Investment Risks

The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Changes in rates of exchange may also reduce the value of your investment. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.

The Future - 2168

We stay on top of the future, to help you shape yours

We may have an award-winning track record, but we know that our success comes from always looking forward and thinking to the future. That’s why we constantly seek out new opportunities for our investors, to help them achieve their own successes. 

“We started out in 1868 investing in Emerging Market bonds including Brazil – so we have moved from literally investing in the Amazon – to purchasing Amazon.com some 140 years later. After a fifty fold gain on some of those early purchases, it’s now our largest holding.”

Paul Niven, Fund Manager

Well-established and rising star companies

We invest mostly in equities focusing on strong companies, including household names like Unilever and GlaxoSmithKline as well as powerful newcomers like Netflix and Tesla Motors. We also tap into exciting growth prospects of emerging markets, such as China and Latin America.

Private Equity

We don’t restrict our investors to publicly listed equities. Although riskier, well managed private equity investments can be more rewarding. But not everyone has early access to these long-term less liquid, and often innovative, investment opportunities. We add value for our shareholders by holding a diversified proportion through a range of funds. Our investments have included Facebook, Twitter, Lovefilm and many more.

Meet the Board

Simon Fraser
Chairman
Appointed to the Board in September 2009, appointed Chairman in May 2010 and is Chairman of the Nomination Committee and the Management Engagement Committee. He is also chairman of the Investor Forum, an investor led organisation established for the purpose of improving long-term returns from investment through collective shareholder engagement.
Jeffrey Hewitt
Independent Non-Executive Director
Jeff is a chartered account who was appointed to the Board in September 2010 and as Chairman of the Audit Committee in November 2011. He started his career with Arthur Andersen where he qualified as a chartered accountant, following which he spent seven years with The Boston Consulting Group. Between 1981 and 1991, he held directorships successively with Carrington Viyella, Vantona Viyella and Coats Viyella, where he was Group Strategy Director. Jeff was the Finance Director of Unitech plc from 1991 to 1996 and was the Group Finance Director of Electrocomponents plc from 1996 to 2005 and as Deputy Chairman from 2000 to 2005. He is also a non-executive director of Cenkos Securities plc and chairman of Electro components Pension Trustees.
Sir Roger Bone KCMG
Senior Independent Non-Executive Director
Sir Roger has had a distinguished career in the British diplomatic service and was appointed to the Board in March 20018. He is also a member of the Audit and Nomination Committees. He was British ambassador to Sweden from 1995 to 1999 and to Brazil from 1999 to 2004. He was Political Counsellor at the British Embassy in Washinton DC from 1985 to 1989, head of the Economic Relations Department there from 1989 to 1991, and was Assistant Under-Secretary of State in the Foreign and Commonwealth Office between 1991 and 1995. Sir Roger was visiting fellow at Harvard University in 1984/85 and served as private secretary to the Foreign Secretary between 1982 and 1984. He was also one of the Prime Minister's honorary ambassadors for the British business from 2010-2015. He was president of Boeing UK from 2005-2014 and is Chairman of Over-c-ltd and a non-executive director of ITM Power plc.
Sarah Arkle
Independent Non-Executive Director
Appointed to the Board in March 2011 and is a member of the Audit Committee. She was Vice Chairman of Threadneedle where she was Chief Investment Officer for ten years until her retirement at the end of December 2010. She was instrumental in establishing Threadneedle's investment process and recruited many of the firm's senior fund managers. In 1982 Sarah moved from stockbroker WI Carr to become a Far East Equity Manager and subsequently became a Director at Allied Dunbar Asset Management, which became part of Threadneedle in May 1994. She is a non-executive director of Henderson Group PLC and JPMorgan Emerging Markets Investment Trust PLC.
Edward Knapp
Independent Non-Executive Director
Appointed to the Board in July 2016 and to the Audit Committee in October 2016. Edward brings a combination of general management, technology and operational experience worldwide, with expertise in the digital transformation of large-scale organisations, Risk, Strategy and Cyber Security. He is currently a Managing Director at HSBC, where he is a Chief Operating Officer and Global Head of Business Management within the Technology function. Prior to that, he was a Chief Operating Officer and Head of Business Management at Barclays Bank within the Global Risk Function, having previously been a Senior Director within the Investment Bank Risk operation at Barclays Capital. Until 2012, Edward was at McKinsey & Company, providing extensive board and executive- level advisory to clients worldwide, focusing on banking operations, strategy, value creation and risk management and technology.
Beatrice Hollond
Independent Non-Executive Director
Appointed to the Board on 1 September 2017. Beatrice spent 16 years at Credit Suisse Asset Management in Global Fixed Income and began her career as an equity analyst at Morgan Grenfell Asset Management. She is a member of the Board of Brown Advisory and holds non-executive directorships at Telecoms Plus PLC, M&G Group Limited and Templeton Emerging Markets Investment Trust.
Francesca Ecsery
Independent Non-Executive Director
Joined the Board in August 2013 and is also a member of the Nomination Committee. She has extensive expertise in Marketing with over 22 years of experience in senior director roles, with both blue chip and start-up companies. She has worked across a broad range of consumer industries and previously held the role of Global Business Development Director at Cheapflights Media. She also held senior executive roles with STA travel, the Thomas Cook Group and Thorn EMI plc. Francesca is also a partner in Advantage Portugal LLP and a non-executive director of Good Energy Group plc, Share Plc, Marshall Motor Holdings plc and VISTA Ltd.

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