F&C's Tigue cuts UK exposure to 30-year low

F&C Investments' Jeremy Tigue has taken UK exposure in his £2.6bn Foreign & Colonial investment trust to a 30-year low on fears the UK is lagging behind other markets in the dividend stakes.

Tigue (pictured) has managed the popular trust since 1997, and earlier this year he changed its benchmark to give the portfolio a more global focus. The aim was to capture faster growing yield from outside the domestic market.  Since revamping the trust, Tigue has cut its UK weighting from 33% to 22%, reallocating capital into the US, Asia and Europe. “Traditionally the UK has been a staple hunting ground for dividends, but five years ago there were signs this was about to change, as Asian companies began increasing payouts more frequently,” he said. “Today, both Asia and Europe ar...