F & C Investment Trust

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F & C Investment Trust plc
Company type Public
Industry Investment management
Founded1868;156 years ago (1868)
Headquarters London, England
Key people
Simon Fraser (Chairman)
Paul Niven (Fund manager)
RevenueIncrease2.svg £106.6 million (2023) [1]
Increase2.svg £96.2 million (2023) [1]
Increase2.svg £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]

Contents

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]

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References

  1. 1 2 3 "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. 1 2 "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