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F&C Investment Trust - new management

Closed-end funds and OEICs
LooseCannon101
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F&C Investment Trust - new management

#403661

Postby LooseCannon101 » April 12th, 2021, 3:58 pm

F&C Investment Trust has new management. BMO have sold their EMEA asset management division to Columbia Threadneedle.

https://www.businesswire.com/news/home/ ... t-Business

Avantegarde
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Re: F&C Investment Trust - new management

#403672

Postby Avantegarde » April 12th, 2021, 5:00 pm

Very interesting. I have been a medium-term (eight year) holder of F&C and it has been a good investment (total return: 108% in the past five years and 226% in the past ten). That has matched the FTSE World index over five years and beaten it by 10% over ten years. Will this takeover/buyout change F&C's investment strategy? We shall find out.

monabri
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Re: F&C Investment Trust - new management

#403677

Postby monabri » April 12th, 2021, 5:20 pm

Looks like BMO have sold off assets in Europe, Middle East and Africa ( EMEA) . So, that part of the business has new management.

BMO still manage FCIT.

77ss
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Re: F&C Investment Trust - new management

#403678

Postby 77ss » April 12th, 2021, 5:28 pm

monabri wrote:Looks like BMO have sold off assets in Europe, Middle East and Africa ( EMEA) . So, that part of the business has new management.

BMO still manage FCIT.


Well, the Ameriprise link provided states:

In addition, the transaction adds depth and breadth in other traditional asset classes. BMO’s European fund range comprises several publicly traded investment trusts, including F&C Investment Trust PLC, the world’s longest-tenured investment trust, which complements our Tri-Continental Corporation, the longest-tenured closed-end fund in the U.S.

LooseCannon101
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Re: F&C Investment Trust - new management

#403733

Postby LooseCannon101 » April 12th, 2021, 9:05 pm

Sarah Arkle - Independent Non-Executive Director of FCIT might have some inside knowledge of the new company.

Appointed to the Board on 2 March 2011 and is a member of the Audit Committee. Sarah brings to the Board investment knowledge and expertise in investment management. She was Vice Chairman of Threadneedle where she was Chief Investment Officer for ten years until her retirement at the end of December 2010. Sarah was previously a Far East Equity Manager and a director at Allied Dunbar Asset Management. Sarah is Chairman and non-executive director of JPMorgan Emerging Markets Investment Trust PLC.


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