The continued rise in value of shares in Foreign & Colonial Investment Trust ahead of a FTSE 100 ind...
The continued rise in value of shares in Foreign & Colonial Investment Trust ahead of a FTSE 100 index listing looks certain to offer a significant 'sell' opportunity for investors, according to investment trust sector analysts. Shares in F&CIT have jumped more than 4% this week taking its market value to more than £1.4bn, and it looks likely shares will start to trade at a premium to the NAV once FTSE 100 tracker funds start placing buy orders determined by the stock's index weighting. The company moved to a premium the last time it entered the FTSE 100 in the mid-1990s, bef...
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