London Stock Exchange welcomes F&C Investment Trust celebrating 150 years

The world’s first investment trust, Foreign & Colonial Investment Trust (“F&C Investment Trust”), celebrates its 150-year anniversary today.

Established in 1868, F&C Investment Trust was launched with the purpose of bringing investing to those of moderate means. That principle has stood the test of time for 15 decades, through world wars, recessions and financial crises. F&C Investment Trust represented a step-change in the way individuals could access the stock market, paving the way for the development of pooled savings vehicles like unit trusts and open-ended investment companies (OEICs).

F&C Investment Trust has total assets of £3.9bn across 450 globally diversified holdings (as at 31 December 2017).

Since launch, the Trust has paid a dividend to shareholders for each of the last 150 years and increased its dividend every year for the last 47 consecutive years.

The Chairman, Simon Fraser commented:

“It is remarkable to think that the original purpose of F&C Investment Trust has remained relevant throughout its long history. Its principles were founded on long-termism, a pioneering approach and a desire to help investors provide for their future. The world may look very different today than it did 150 years ago, but these principles are as valid and relevant now as they were back then.”

“Despite the growth in the industry, there is still much to be done to help people understand the benefits of saving and investing. Today there is a great need for individuals to plan and take control of their finances. More than ever before, the financial services industry needs to create simple to use, transparent savings products that help everybody in our society invest for the medium to long term, thus securing their financial futures.”

As with all investments, the value of investments can go down as well as up and you may not get back your original investment. Past performance is not a guide to future results.