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

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 Income59.20 GBX-4.67
BMO Managed Portfolio Growth Ord213.00 GBX-3.62
BMO Managed Portfolio Income Ord133.50 GBX-4.30
F&C Investment Trust Ord705.00 GBX-4.21
Fidelity Asian Values Ord367.50 GBX-2.00
Merchants Trust Ord486.00 GBX-4.14
Murray International Ord1,080.00 GBX-4.42
Perpetual Income & Growth Ord293.50 GBX-3.93
Schroder UK Mid Cap Ord579.00 GBX-5.39

About Author

Emma Wall  is former Senior International Editor for Morningstar

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