View the article online at http://citywire.co.uk/wealth-manager/article/a728252
Trust Insider: Foreign & Colonial risks being left behind by investor fashion
by James Carthew on Jan 21, 2014 at 00:01
In FRCL’s asset allocation at the end of November the biggest equity exposures were to the US (28%), UK (21%) and Europe (10%). Private equity investments made up 15% and net gearing was 9% but they had been reducing this.
FRCL is good at disclosing how the regional portfolios have performed against its local benchmarks so it is easy to see where it has been adding value. The European portfolio was doing well at the interim stage and we will get figures to the end of December 2013 in the annual report to be published in March.
In November 2013, British Assets, a stable mate of FRCL, announced it would shift from operating a collection of regional portfolios to using one global portfolio. FRCL’s highly diversified approach is now quite unusual.
I can see how it might still appeal to some cautious private investors, however. It will be interesting to see whether FRCL’s board feels it needs to make a change.
James Carthew is a director of Sapient Research
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
The Citywire guide to investment trusts
Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the shares
Look up the investment trusts
- Foreign & Colonial Investment Trust (Ordinary Share)
- Alliance Trust (Ordinary Share)
- Scottish Mortgage (Ordinary Share)
- Witan (Ordinary Share)
Look up the fund managers
On the road
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.
by David Campbell on Jul 29, 2014 at 10:44