Five years ago the Foreign & Colonial Investment Trust entered the FTSE 100 for the first time. Back...
Five years ago the Foreign & Colonial Investment Trust entered the FTSE 100 for the first time. Back then the trust, managed by Michael Hart, had assets of £1.8bn and was trading at a 1.2% premium to NAV. M&G was preparing itself to launch the Equity Investment Trust to be run by Patrick Harrington. This vehicle was planned for February 1996 and the group was looking for the launch period to straddle the tax years 1995/96 and 1996/97. The group was also planning to put in a regular savings plan. Rachel Medill, head of corporate communications at M&G, said: "A savings plan certainly helps ...
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