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F&C Investment Trust PLC Analysis

Overview

F&C Investment Trust aims to grow investor capital and income over the mid to long term. They invest primarily in equities, in both well-established companies listed on the world's major stock markets, as well as rising star companies in developing markets. F&C Investment Trust also looks to private equity and unlisted companies in order to add value to unit holders.

Performance

The following information was extracted from Foreign & Colonial Investment Trust Plc's full year results, released 11 March 2024

F&C Investment Trust PLC ('FCIT'/the 'Company') today announces its results for the year ended 31 December 2023.

  • FCIT’s share price was 962.0 pence representing a total return of 8.1%, against its benchmark, the FTSE All-World Index, of 15.1%.
  • FCIT’s Net Asset Value (“NAV”) total return of 11.3%, with debt at market value, behind the benchmark.
  • The Company has delivered a total shareholder return of 203.0% over the ten-year period to the end of 2023, equivalent to 11.7% per annum which compares with a return of 178.6% (equivalent to 10.8% per annum) from our benchmark index.
  • The final dividend will be 4.5 pence per share, subject to shareholder approval, and will bring the total dividend for the year to 14.7 pence per share. This will be an 8.9% increase, the 53rd consecutive annual increase.

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