Foreign & Colonial throws down the gauntlet of reform

Change comes but gradually to the investment trust world but news that the world's oldest trust, For...

Change comes but gradually to the investment trust world but news that the world's oldest trust, Foreign & Colonial, is to adopt a radical share buyback facility will provide much needed backing for the cause of reform. Outside of private equity, the trust is by far the largest in existence and, more importantly, one of the flagship vehicles of the industry, its name being synonymous with the very concept of closed-ended global growth funds. The support of this standard-bearer will provide a powerful voice to argue against the critics of the tactic who have still not accepted that it enab...