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ii Super 60 - F&C Investment Trust

ii Super 60 investments:
F&C Investment Trust

Asset Group Asset Sub-Group Investment Category
Equities Global equities Core

Selection rationale:
Foreign & Colonial – the UK’s oldest investment trust, established in 1868 is a multi-billion trust, it is relatively low cost and very well diversified, holding hundreds of companies globally.

Describing itself as conservatively managed, the trust aims to ‘be at the centre of an investor’s portfolio’.

Paul Niven has run the trust since 2014, deciding the asset allocation and level of gearing. He divides the portfolio into a range of global and regional strategies. Some of these, notably US equities and private equity, are subcontracted to external managers.

Niven can have up to a fifth of assets in private equity, but tends to have a much smaller amount invested in the sector.

Besides its long-term growth objective, it has a 48-year history of annual dividend increases, but is not specifically an income play. It pays dividends quarterly.

The trust’s discount can be very erratic – in particular during volatile markets. Investors should bear this in mind when investing in the trust.

The trust was highly commended in the Best Global Growth category of Money Observer’s 2017 investment trust awards.

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The information we provide in the Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. None of the opinions provided are a “personal recommendation”, therefore you should ensure that any investment decisions you make are suitable for your personal circumstances. Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.