F&C overhauls £2.6bn investment trust to add global focus


F&C has announced several changes to its £2.6bn Foreign & Colonial investment trust, including the creation of two new sub-portfolios.

The group has added a Global Income portfolio and a Global Funds portfolio to Jeremy Tigue’s trust and has changed its benchmark. The aim of the changes is to boost global exposure and diversify the trust’s sources of income, F&C said. The Global Income Portfolio is valued at £150m, or 6% of the investment portfolio, as at 31 January 2013. This portfolio comprises 200 stocks, has a dividend yield of 4.7% and has been funded from sales in the UK. Ten existing holdings have been transferred into a Global Funds Portfolio, valued at £110m, or 4.3% of the investment portfolio. Over time th...

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