Foreign & Colonial Investment Trust - Bronze

INVESTMENT TRUST RESEARCH UPDATE: Trust rating moved to Bronze

Jackie Beard, FCSI 8 April, 2014 | 7:31PM
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We have awarded the Foreign & Colonial Investment Trust (FRCL) a Morningstar Analyst Rating™ of Bronze. Previously the fund’s rating was Under Review. Manager Jeremy Tigue will be stepping down as the fund’s investment manager in July 2014 and he will be passing the reins to Paul Niven. Niven will manage the fund in a similar vein, in that he will act as asset allocator, and delegate stock selection either to in-house managers or to third-party funds. That means there’s some consistency in decision-making, despite the change in named manager. Further, Niven has been chairman of the asset allocation committee at F&C for the last 10 years and worked closely with Tigue throughout that time. While he has little in the way of track record in his own name, we have sufficient conviction overall to award the fund a Bronze rating.

 

 

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
F&C Investment Trust Ord1,108.00 GBX1.09Rating

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

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