As well as being the oldest investment trust, founded in 1868, it is also one of the largest global growth investment trusts in the world, and currently owns shares in more than 600 companies in 35 different countries.
Manager Jeremy Tigue says: "Foreign & Colonial has benefited hugely from drawing income from all parts of the world, not just the UK. We have enjoyed strong dividend growth from emerging markets in recent years and we have also benefited from borrowing in currencies with very low interest rates such as the yen.
"At the moment the weakness of the pound is having a dramatic impact on the sterling value of our overseas dividends. For example, a dividend of $10 was worth £5.00 a year ago and is now worth £7.00. The outlook for individual company dividends is more uncertain than ever but our global spread and large revenue reserves should help us."
| FOREIGN & COLONIAL INVESTMENT TRUST (FRCL) | |||
|---|---|---|---|
| PRICE | 218p | NAV | 242.22 |
| SIZE OF FUND | £2bn | PRICE DISCOUNT TO NAV | -9.79 |
| No OF HOLDINGS: | na | 1 YEAR PERFORMANCE | -26.7 |
| SET UP DATE | 21 Mar 52 | 3 YEAR PERFORMANCE | -6.1 |
| MANAGER START DATE | 16 Sep 91 | 5 YEAR PERFORMANCE | 34.4 |
| TURNOVER | na | TOTAL EXPENSE RATIO | 0.71% |
| VOLATILITY | na | YIELD | 2.952 |
| TRACKING ERROR | na | MORE DETAILS | foreignandcolonial.com |
| SHARPE RATIO | -0.44 | ||
| TOP TEN HOLDINGS | % |
|---|---|
| Pantheon Europe III LP | 3.5 |
| BP | 3 |
| Royal Dutch Shell | 3 |
| GlaxoSmithKline | 2.3 |
| Vodafone Group | 2.2 |
| Dover Street VI | 2 |
| HarbourVest BUYOUT VII LP | 1.9 |
| HarbourVest PEP | 1.8 |
| HSBC Holdings | 1.5 |
| Pantheon Europe V | 1.4 |
| GEOGRAPHICAL BREAKDOWN | % |
|---|---|
| UK | 40 |
| USA | 28 |
| Cont. Europe | 12 |
| Other Pacific | 11 |
| Japan | 6 |
| Other | 3 |
Source: Fact Sheet, Morningstar & Datastream
