The Interview 

Why 150-year-old F&C is backing tech and financials

Why 150-year-old F&C is backing tech and financials

Although Foreign & Colonial Investment Trust (FRCL), the oldest investment trust, launched 150 years ago the investment backdrop was surprisingly similar to today. "In the UK, interest rates were low, as were prospective returns," says Paul Niven, manager of the trust. "But by providing a pooled vehicle to invest in a diversified basket of overseas securities which had a higher yield and higher return, this trust gave investors access to opportunities they would otherwise not been able to access."

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