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Paul Niven: Why Foreign & Colonial is upping private equity

Alongside announcing its 45th consecutive annual shareholder dividend increase in its full-year 2015 results earlier this week, Foreign & Colonial Investment Trust also declared its intention to ramp up its focus on the private equity market after returns ‘substantially exceeded’ those from listed equity markets.

Manager Paul Niven explains to Citywire's Sean Butters why the board has opted for this change of tack and how it will be implemented, while also discussing how to maintain a progressive dividend policy in an oppressive income environment.

Over five years to the end of January, Foreign & Colonial returned 55.27% versus the FTSE World Index's 49.67% in the same time-frame. As of market-close on 10 March it was trading at a 9.1% discount to net asset value totalling £2.6 billion.

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