F&c Investment Share Discussion Threads

[vacendak] 15/3/2022 11:14

Some news from Paul Niven, refocus on the US, we are already more than 50% anyway and some comments on the Private Equity exposure.

[vacendak] 09/2/2022 11:30

An article on those ITs that have been around forever.
FCIT is just below average at 18/35.

The ranking is not fully relevant though as some of them are specialists, thus riskier, or less liquid, than the global behemoths. Others have fully morphed into something else and should be considered "young", such as Witan Pacific (that used to be managed by F&C) that is now Baillie Gifford China Growth.


The article is focusing on the age of the listed trusts.

[acol] 31/1/2022 16:41

Many years ago I used to hold 3 Investment Trusts under their regular saving schemes - FCIT, BGSC & SMT. FCIT was by far the least successful of the 3!

Nowadays, I just trade FCIT occasionally and like Vacendak use the Trust as pedestrian ballast. I sometimes miss the highs but usually manage to slice reasonably consistent profits. One of the virtues of FCIT is the miniscule spread.

For what it's worth I no longer hold the other 2 shares but for different reasons.

[vacendak] 31/1/2022 09:15

That is the reason: Large company, a LOT of holdings, so totally insensitive to anything in particular, Amazon, Tesla, Unilever, whatever, everything is smoothed. Obviously, this is also the whole point of FCIT.

There is not much to comment about with regards to strategy either (they collect them all, value, growth, income, etc.) beyond the very slight shift towards private equity a few years back. Then again, we are still talking of "fund of PE funds", so nothing too adventurous and no big direct holding.

The only comment for this whale is whether or not it beats its index over 5 or 10Y, thus is no longer the closet tracker it used to be before Paul Niven took over.

I use F&C as stabilising ballast in my portfolio.

[notbitcoin] 30/1/2022 18:47

I took some profits and now back in .I am surprise that they is not more post on hear for a such lage company

[vacendak] 07/11/2021 10:28

An all time high is an all time high. I shall take it. :)

[muzerewa] 05/11/2021 16:09

I suppose to great extent driven by Sterling weakness

[notbitcoin] 04/11/2021 12:24

Looking good

[exotic] 13/7/2021 19:38

Thanks jaws6.

Regarding the fabulous return on Paypal, I hope they realise it was a one-off for the following reasons.

a. After Paypal separated from eBay, Paypal changed their refunds policy so that they held onto 100% of fees even in the event of a transaction being cancelled / refunded. This made profits at Paypal soar.

b. Recently eBay dumped Paypal and switched their payment processor to Adyen, resulting in the loss of Paypal's biggest income stream. Since eBay sellers had stopped using Paypal, Paypal resorted to milking the customer base by charging an inactivity fee - which gave Paypal a huge temporary windfall. Obviously the negative impact of this were members closing their Paypal accounts, so Paypal quickly reversed the policy.

[jaws6] 13/7/2021 12:57

new info on this new TV

[exotic] 05/7/2021 22:48

Hope you're right, getting close now.

[notbitcoin] 05/7/2021 19:31

£9 This week.

[vacendak] 03/7/2021 20:57

This deserves to be back at a premium soon, as it was before the plague.
Plodding along quietly, beating the index every now and again in the short term and decisively over ten years is no fireworks, but a good steady workhorse in one's portfolio.

[notbitcoin] 03/7/2021 16:51

52 week high .9 pound soon

[the monkster] 30/5/2021 01:14

wrong board

[the monkster] 28/5/2021 12:46

bigger tree shake evidenced from november 27th !

[notbitcoin] 08/3/2021 18:26

Back up to 840 end of week

[cardinal3] 20/2/2021 12:27

As vacendak said a while back, reassuringly boring. That's the main reason I put my grandsons into it for their CTF/JISA. It wont shoot the lights out but it won't do a Woodford on us either.

[vacendak] 12/1/2021 14:05

Yes, at times I wonder why I buy all sorts of ITs and other companies and not put all of my assets in this one: It beats the global indices, reassuringly boring and will still be around when I am gone.

This works very well for me as a basic component/building block of my portfolio.

It has even beaten the GARS of this world like RCP during the plague.

[exotic] 11/1/2021 15:06

I bought F&CIT back in March for the Covid rebound, never expected it to do as well as this though. Also bought GSS and VOF for the same reasons which have also performed similarly. Can't believe they're already higher than pre-pandemic, and given the relative stagnation of 2019 the current trajectory is astonishing.

[vacendak] 19/10/2020 20:40

Good news: The NAV is now hovering above what it was before the plague.

Before then FCIT was running at a premium, now it is at an 8.6% discount and the trust is buying back instead of releasing shares. Thus the share price not looking so great.

[chc15] 02/9/2020 22:46

Not sure what the point is of owning this trust, it has over 400 stocks, and has done naff all.

[vacendak] 18/6/2020 13:02

Now 58.5% in the USA according to the latest factsheet.

Just for the fun of it, looking back to the 2006 AR, the trust had 43.2% in the UK and a mere 18.9% in America.

[vacendak] 05/6/2020 10:57

The reassuringly boring good old Foreign & Colonial is steadily climbing back up.