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Foreign & Colonial Investment Trust - Under Review

INVESTMENT TRUST RESEARCH UPDATE: Trust rating moved to Under Review

Jackie Beard, FCSI 4 March, 2014 | 4:04PM

Following the announcement that Jeremy Tigue will be retiring from F&C in July 2014, we have placed the fund’s (FRCL) Morningstar Analyst Rating™ Under Review. Previously it held a Silver rating. Paul Niven, head of asset allocation at the firm, will be taking the reins in July and we expect him to run the fund in a similar manner--namely, outsourcing stock selection to a mix of colleagues and third-party managers. Nonetheless, Niven has a tough act to follow and we will be meeting with him shortly to discuss his plans.

 

 

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
F&C Investment Trust Ord728.00 GBX0.69

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

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