F and c investment trust

Albermarle

If you subscribe to the view that we are in late cycle for most asset classes, then using a trust with a capital preservation bias might be a worth thinking about.

For the benefit of the OP, the ones often mentioned are Capital Gearing Trust : Personal Assets trust and RIT Capital trust ( a little bit more volatile than the other two )

Sally57

Albermarle wrote: »

For the benefit of the OP, the ones often mentioned are Capital Gearing Trust : Personal Assets trust and RIT Capital trust ( a little bit more volatile than the other two )

Or there are also OEIC versions of the first two in CG Absolute Return and Troy Trojan O funds.

Pikeman1

Once again thanks for the replies. Dont think I'll ever fully grasp investing but this forum has certainly helped. The one thing I've decided is not to invest in any more buy to let. Got the one flat worth about £75000 giving £495 a month. But certainly not been a hands off investment. The other investment trusts sound interesting.

MarkCarnage

Albermarle wrote: »

For the benefit of the OP, the ones often mentioned are Capital Gearing Trust : Personal Assets trust and RIT Capital trust ( a little bit more volatile than the other two )

I didn't want to mention specific names but these ones certainly come to mind.....I hold two myself. RIT has a more growth biased asset allocation but quite a bit in private markets. The PAT Quarterly Newsletters are always worth reading!

Ash_Pole

How has F&C performed long-term compared with a passive global tracker?

bowlhead99

Ash_Pole wrote: »

How has F&C performed long-term compared with a passive global tracker?

10 year total return F&C 248% net of fees
10 year total return FTSE World index 210% gross of fees

15 year total return F&C ~440% net of fees
15 year total return FTSE World index ~350% gross of fees

20 year total return F&C ~410% net of fees
20 year total return FTSE World index ~300% gross of fees

24.75 year total return F&C 739% net of fees
24.75 year total return FTSE World index 681% gross of fees

The ~ denotes where I just looked at the chart on Trustnet rather than getting an exact number. The 24.75 was because Trustnet's data for F&C only goes back to Jan 1995 although the trust has been going rather longer than that.

Yes I know FTSE World does not include emerging markets, but it's what Trustnet has on its dropdown list for easy comparisons - don't shoot the messenger.

quirkydeptless

Ash_Pole wrote: »

How has F&C performed long-term compared with a passive global tracker?

Wow, this IT has been going since 1868 :exclamati

Are there any older ones still alive?

londoninvestor

quirkydeptless wrote: »

Wow, this IT has been going since 1868 :exclamati

Are there any older ones still alive?

Apparently not, but there are a few that aren't much younger...
https://www.theaic.co.uk/aic/news/press-releases/five-oldest-investment-companies-still-relevant-after-150-years

Reaper

quirkydeptless wrote: »

Wow, this IT has been going since 1868 :exclamati

Are there any older ones still alive?

No, it was the first ever investment fund anywhere in the world.

dividendhero

I've a six figure holding in F&C, quite happy with its performance (using Bowlhead's figures I make it over 8% a year compound for last quarter century :money:)

As others have pointed out, it's been going well over a century and has thus survived two world wars and a depression...(guess you could have said same of Thomas Cook last week though!)

Only drawback is that the divi payout isn't huge...