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ii Super 60 - F&C Investment Trust

ii Super 60 investments

ii Super 60 investments:
F&C Investment Trust

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

Selection rationale:
Describing itself as cautiously managed, F&C is the UK’s oldest investment trust and was established in 1868. It aims to appeal to those looking for their first investment or a core option for their portfolio. The trust has £4.3 billion of assets under management with low annual running costs (0.65%) and well-diversified portfolio, holding more than 450 companies across 35 countries.

Paul Niven has been its manager since 2014, when BMO Asset Management bought the F&C funds business. Niven is responsible for 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 is permitted to have up to 20% exposure to private equity while, as at the end of 2019, the portfolio had c.55% of its assets invested in North America, c.16% in Europe and c.11% in emerging markets.

Besides its long-term growth objective, the trust has a 49-year history of annual dividend increases. It yields 1.6% and pays dividends quarterly.

January 2020

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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.