F&C Trust re-entry to FTSE 100 could signal market upturn

Foreign & Colonial Investment Trust fund manager Jeremy Tigue says the portfolio's re-entry to the F...

Foreign & Colonial Investment Trust fund manager Jeremy Tigue says the portfolio's re-entry to the FTSE 100 could be an indicator of a coming rebound in the market. The FTSE 100's latest quarterly rebalancing means the £1.8bn Foreign & Colonial Investment Trust and Alliance Trust are the only two investment trusts to appear in the index. It follows heavy losses on the stockmarket in the past year, particularly in the retail and resources sector, which have led to many changes in the make-up of the index as companies' market capitalisation has shrunk. However, Tigue says the appearance...