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
Rating
BlackRock Energy and Resources Income94.60 GBX1.18Rating
BMO Managed Portfolio Growth Ord278.24 GBX-0.27Rating
BMO Managed Portfolio Income Ord140.50 GBX-1.06Rating
F&C Investment Trust Ord836.00 GBX0.12Rating
Fidelity Asian Values Ord494.00 GBX0.71Rating
Merchants Trust Ord525.00 GBX0.57Rating
Murray International Ord1,204.71 GBX-0.27Rating
Schroder UK Mid Cap Ord718.80 GBX-0.44Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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