F&C: We're Selling UK Stocks

Foreign & Colonial Investment Trust manager Paul Niven is upping his exposure to emerging markets while colleague Peter Hewitt dumps UK stocks post-Brexit

Emma Wall 27 October, 2016 | 9:32AM
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The manager of the UK’s oldest investment trust, Foreign & Colonial (FRCL) is buying up emerging market stocks, as the growth outlook brightens.

Paul Niven, who runs the Bronze Rated fund, says that many concerns he had at the beginning of the year regarding global growth have been assuaged.

“Global equities have had a very disparate performance in 2016, but on the whole have not gone far in aggregate. The trust has done well, up 27% over the past year but that is mostly down to the fall in sterling,” he said.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BlackRock Energy and Resources Inc86.90 GBX-0.69Rating
BMO Managed Portfolio Growth Ord295.00 GBX0.00Rating
BMO Managed Portfolio Income Ord144.50 GBX0.00Rating
F&C Investment Trust Ord884.00 GBX0.57Rating
Fidelity Asian Values Ord493.00 GBX1.02Rating
Merchants Trust Ord540.00 GBX0.37Rating
Murray International Ord1,104.00 GBX0.18Rating
Schroder UK Mid Cap Ord778.00 GBX0.91Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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