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F&C Investment Trust plc (FCIT) Ordinary 25p

Sell:549.00p Buy:552.00p 0 Change: 11.00p (1.97%)
FTSE 250:2.34%
Market closed Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:549.00p
Buy:552.00p
Change: 11.00p (1.97%)
Market closed Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:549.00p
Buy:552.00p
Change: 11.00p (1.97%)
Market closed Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment

See our latest research on this Investment Trust

Objective

To secure long-term growth in capital and income from an international diversified portfolio of listed equities, as well as unlisted securities and private equity with gearing. Company is restricted to invest mainly in readily realisable, publicly listed securities and that the level of borrowings.

Top 10 holdings currently unavailable.

Sector Weight
Financial Services 15.38%
Technology 13.00%
Healthcare 11.56%
Consumer Cyclical 11.27%
Industrials 9.36%
Communication Services 8.38%
Consumer Defensive 7.05%
Basic Materials 3.70%
Energy 3.02%
Real Estate 1.97%
Country Weight
United States 49.58%
Japan 7.24%
United Kingdom 6.15%
China 3.40%
Germany 3.30%
Netherlands 2.33%
France 2.00%
Switzerland 1.57%
India 1.54%
Norway 1.04%

Fee Structure

The Manager receives an annual fee, equal to 0.35% of the market cap of the Company up to GBP 3bn, and 0.3% between GBP 3bn and 4bn, and 0.25 above GBP 4bn. The fee is calculated and paid monthly. The contract is terminable on 6 months notice.

Dividend Policy

The revenue account of is managed with the objective of continuing its record of delivering a rising income stream in real terms for shareholders. Prudent use of revenue reserves established over many decades is made whenever necessary to help meet any revenue shortfall. Dividends can also be paid from capital reserves although the Board has no current need or intention of doing so.

ASSET SPLIT

Total number of holdings: 485.

Trust Manager

Paul Niven

Manager Bio

Paul Niven is Managing Director and Head of Multi-Asset Portfolio Management. He is also Fund Manager for the F&C Investment Trust. Paul joined the firm in 1996 and has worked in Asset Allocation and Investment Strategy since 1999. Paul has had responsibility for the management of Multi-Asset mandates within the group since 2002 and is Chair of the Investment Policy Group. Paul graduated from the University of Strathclyde with a BA (Hons) in Accounting and Economics, obtained an MPhil in Finance, and is a member of the UK CFA Institute.

Board Of Directors

Beatrice HollondChairman, Jeffrey Hewitt, Sarah Arkle, Quintin Price, Roger Bone, Nicholas Moakes, Francesca Ecsery, Edward Knapp

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.