Foreign & Colonial trust benefits from Asian stocks

The un-audited interim statement also revealed the per share dividend grew 10.2% to 2.70p, to be paid on 11 September, while the share price increased 7% to 304.5p F&C says it exceeded its 40% FTSE All Share and 60% FTSE World ex UK benchmark of 7.4%, and the total size weighted average return of its closest competitors at 8.6%. Private equity was boosted by a £62m investment and now represents 6.5% of the portfolio, closing in on F&C’s 10% target. Trust manager Jeremy Tigue says it has been a good period for shareholders. “The four key tools at our disposal - stock selection, asset all...