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F&C Investment Trust: five facts

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Having helped investors for the past 152 years, here are five facts you may not know about the F&C Investment Trust.

  1. It is the world’s oldest collective investment scheme

Launched in 1868, F&C Investment Trust was the first of its kind. It was established with the purpose of “bringing stock market investing to those of moderate means” and aimed to make investing accessible to everyday investors. It introduced monthly savings schemes in the UK, launching a Private Investor Plan in 1984.

The Trust has flourished despite two world wars, the great depression, the 2008 financial crisis and many other ups and downs in between. It is older than some major UK landmarks, including Tower Bridge in London.

  1. F&C Investment Trust is a public limited company and in the FTSE 250

The Trust is among the 250 largest companies listed on the London Stock Exchange, after the FTSE 100. It is a close-ended fund and exists to invest in the equity of other companies with the aim of producing a return for shareholders. The company is governed by a Board of Directors, chaired by Beatrice Hollond.

  1. The Trust has had only three fund managers in the past 40 years

Since its launch, the management of F&C Investment Trust has changed less than a dozen times and has had only three fund managers in the past 40 years. At one point, it was managed by Agatha Christie’s estranged husband, Colonel Archibald Christie, who was placed under investigation during her brief disappearance in 1926.

Today, it is managed by Paul Niven at BMO Global Asset Management. Paul sets the Trust’s investment policy, asset allocation and is supported by a team of investment experts.

  1. Investors can access over 450 companies globally with F&C Investment Trust

Instead of making large investments in a small number of companies, the Trust’s assets are spread over 450 companies globally, including publicly listed and private equities. This means that if one of the investments does not perform well, the wider portfolio does not take a big hit. By taking a diversified investment approach, the Trust spreads the risk for investors and could smooth out the peaks and troughs.

The Trust has a diverse portfolio, holding stocks in companies such as Amazon, Facebook, Apple, Mastercard, GlaxoSmithKline and even receives royalties from Andrew Lloyd Webber musicals Starlight Express and Cats, which it invested in during the 1970s. To see the Trust’s current top holdings, download the latest Factsheet from

  1. The Trust aims to grow capital and income over the long term, providing potential income for investors

F&C Investment Trust has paid a dividend every year since launch in 1868. The dividend for 2019 represents its 49th consecutive annual increase for shareholders. The Trust’s overriding objective is to deliver long-term growth in both capital and income for shareholders and is proud to be on the Association of Investment Companies (AIC) list of dividend heroes

To trade or for more information on ii, visit the F&C Investment Trust page on ii.

For more information about F&C Investment Trust, including the Annual Report, latest Factsheet, and information about the Fund Manager and the Board, visit

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Important information

Capital is at risk. Past performance should not be seen as an indication of future performance. The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested.

If you feel you need specific investment advice that takes your individual circumstances fully into account, please talk to a financial adviser.

Views and opinions have been arrived at by BMO and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.


At BMO, our aim is to help our clients overcome the challenges they face and deliver the investment outcomes they seek. We've been helping clients with their financial needs for over 200 years.

A lot has happened since 1817, including the launch of the world's oldest collective investment fund vehicle - F&C Investment Trust over 150 years ago. This fund made investing more accessible to individual investors and we are proud to still manage it today.

We currently manage 10 Investment Trusts, providing a range of investment opportunities including access to equities, bonds, property and private equity. Each trust has different aims and objectives with the option of capital growth, income or a combination of the two and with a specific regional focus or with a global remit.

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