LooseCannon101 wrote:I noticed that the board of FCIT are trying to encourage people, especially those under 40, to invest in the trust by various advertisements on TV, social media and in newspapers.
Perhaps the strategy might be better aimed at the directors themselves. Rain Newton-Smith and Julie Tankard own only 165 and 332 shares respectively.
The Columbia Threadneedle Savings Scheme is excellent and cheap (£72 per year for ISA), with no additional fees for monthly direct debit and dividend re-investment.
Beatrice Hollond in 2019/2020 held 3,500 shares, 2023/2022 8,020 and 6,752 respectively.
Quintin Price 7,215 in 2020, 12,461 in 2023
So some adding/buying. But at approaching £10/share price the amounts involved are relatively low/small IMO, more indicative of being token rather than heavily in, especially as FCIT is so broadly diversified/general. The chairman (Beatrice) holding £80K of stock value for instance is suggestive of a preference to invest elsewhere herself.
Nicholas Moakes and Sir Roger Bone had more significant skin (£ half mill+) in the game in 2020, but no reference to them in 2023.
The UK based move away from Bank of Montreal (sound/conservative) over to Columbia Threadneedle, perhaps for regulatory localisation, also seems to have directed towards more costs and selling, a element of 'de-conservatism' (not so good) IMO. Somewhat a feeling of a transition of investing for the people over to milking.