Page 33 - DIY Magazine March 2018
P. 33
Two years later it started diversifying into railway bonds but it was some time before it made its first equity investment.
Today, Foreign & Colonial benchmarks itself against the FTSE All World Index; prior to 2013 it used a composite comprising 60% of the FTSE World ex UK Index and 40% the FTSE All-Share Index.
This benchmark change, is one indicator of the way that F&C has been evolving in recent years; in 2017
it delivered a share price total return of 21% against its benchmark of 13.8% and delivered its 47th year of increasing dividend.
It has recently increased its exposure to overseas stock markets at the expense of the UK, which gives it more opportunity to find the companies that will power its performance over the next 150 years; it will henceforth be officially known as F&C Investment Trust to ‘ensure its relevance in the modern world’.
33 DIY Investor Magazine | Mar 2018
