F&C IT did outperform

Letter

Jason Hollands Head of communications F&C Asset Management Dear editor, Your front page article ...

Jason Hollands Head of communications F&C Asset Management Dear editor, Your front page article of 6 March, "F&C returns damaged by stock selection," regarding the results issued by Foreign & Colonial Investment Trust omitted to mention the somewhat pertinent fact that the trust actually outperformed (to the extent that F&C accrued a performance fee). Nor did it mention that the trust had reported a significant 18.8% increase in its dividend and, notably, the chairman forecast a further dividend increase of not less than 10% in the coming year. While the article dwelt on one aspect o...