Edison Investment Research - FC INVESTMENT TRUST PLC (FCIT) Foreign Colonial Investment Trust - Happy birthday, FC Investment Trust

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Edison Investment Research

Mel Jenner

Foreign & Colonial Investment Trust - Happy birthday, F&C Investment Trust

Foreign & Colonial Investment Trust (FRCL) is the oldest investment trust and is celebrating its 150th anniversary. Dividends have been paid every year since the fund was launched and 2017 marked the 47th consecutive annual increase. The board has proposed a subtle change in the name of the trust to F&C Investment Trust and this will be voted on at the April 2018 AGM. FRCL offers investors a diversified â€˜one-stop-shopâ€™ for investment in both listed and unlisted global equities. The trust had a strong set of results in FY17, with most of its underlying strategies outperforming their respective benchmarks. In terms of NAV and share price total return, FRCL is outperforming its benchmark over one, three and five years (its share price is also outperforming over 10 years).

19/03/2018 8 EN

Underlying

F&C INVESTMENT TRUST PLC

Foreign & Colonial Investment Trust is an investment trust company investing primarily in an international portfolio of publicly listed equities, as well as unlisted securities and Private Equity. Co. is managed by F&C Investment Business Limited, which also acts as the Alternative Investment Fund Manager.

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GB0003466074 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Mel Jenner

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Foreign & Colonial Investment Trust - Happy birthday, F&C Investment Trust

F&C Investment Trust - Attractive long-term total returns

F&C Investment Trust - New name, same tried-and-tested approach

F&C Investment Trust - Still going strong after 150 years

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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