Foreign & Colonial Investment Trust
From Wikipedia, the free encyclopedia
| Foreign & Colonial Investment Trust plc | |
|---|---|
 |
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| Type | Public (LSE: FRCL) |
| Founded | 1868 |
| Headquarters | London, UK |
| Key people | Jeremy Tigue (Fund manager) Mark Loveday (Chairman) |
| Industry | Investment management |
| Operating income | ▲ £257 million (2006)[1] |
| Net income | ▲ £239 million (2006)[1] |
| Parent | F&C Asset Management |
| Website | www.foreignandcolonial.com |
Foreign & Colonial Investment Trust (LSE: FRCL), established in 1868, is a publicly-traded investment trust, the first such collective investment scheme in the world.[2] The trust remains one of the world's largest global growth investment trusts, and is a constituent of the FTSE 250 Index. The trust is managed by Jeremy Tigue of F&C Management Limited, a subsidiary of F&C Asset Management plc which is in turn majority owned by British insurer Friends Provident.[3] The fund has assets under management of approximately £2.5 billion and holds stakes in over 600 different companies in 35 countries worldwide.[4] As of year end 2006, the fund's largest holdings were in oil companies BP and Royal Dutch Shell, which accounted for 6% of total investments combined.[1]
[edit] Directors
Kenneth Clarke has been a director of Foreign and Colonial Investment Trust.
[edit] References
- ^ a b c Annual Report 2006. Foreign & Colonial Investment Trust. Retrieved on 2007-11-04.
- ^ Fixsen, Rachel. "There's life in the old investment trust yet!", The Independent. Retrieved on 2007-11-04.
- ^ History. Foreign & Colonial Investment Trust. Retrieved on 2007-11-04.
- ^ Facts and Figures. Foreign & Colonial Investment Trust. Retrieved on 2007-11-04.
