Foreign & Colonial beats Index

By THIS IS MONEY
Updated:

 

The stock market's technology bubble is bound to burst, Foreign & Colonial manager Jeremy Tighe said today. That will be painful but will also mean good news for the rest of the market 'which has already been through its bear phase'.

Not that F&C is one of those investment trusts that has missed the boat. Its net asset value rose by 30.3% to 296.2p last year, comfortably beating the gain on the FTSE All Share index of 21.3%. Measured against its peer group of international investment trusts, F&C beat the average by 3%.

Foreign & Colonial, Britian's largest investment trust, has a massive base of small shareholders, and has recovered strongly in the past couple of years. This is partly due to its larger than average exposure to the Japanese market.

This year will see a marketing push in Germany, where F&C became the first investment trust to list its shares just before Christmas.

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