Foreign & Colonial Investment Trust - Bronze

INVESTMENT TRUST RESEARCH UPDATE: Trust rating moved to Bronze

Jackie Beard, FCSI 8 April, 2014 | 7:31PM
Facebook Twitter LinkedIn

We have awarded the Foreign & Colonial Investment Trust (FRCL) a Morningstar Analyst Rating™ of Bronze. Previously the fund’s rating was Under Review. Manager Jeremy Tigue will be stepping down as the fund’s investment manager in July 2014 and he will be passing the reins to Paul Niven. Niven will manage the fund in a similar vein, in that he will act as asset allocator, and delegate stock selection either to in-house managers or to third-party funds. That means there’s some consistency in decision-making, despite the change in named manager. Further, Niven has been chairman of the asset allocation committee at F&C for the last 10 years and worked closely with Tigue throughout that time. While he has little in the way of track record in his own name, we have sufficient conviction overall to award the fund a Bronze rating.

 

 

 

To see all the latest fund rating news click here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
F&C Investment Trust Ord1,034.00 GBX-0.77Rating

About Author

Jackie Beard, FCSI

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

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures