Foreign & Colonial Investment Trust (LON:FRCL) - Now with quarterly dividends
Jan 21st 2013 - Edison Investment Research today published a report on Foreign & Colonial Investment Trust (FRCL.L, LSE:FRCL, LON:FRCL) entitled "Now With Quarterly Dividends". In summary, the report says:
Foreign & Colonial Investment Trust (FRCL) is one of the largest and most liquid global equity trusts in the UK, with assets of c £2.5bn. It is highly diversified, with investments in more than 500 companies, across 30 countries. It pursues long-term growth in capital and income. It has a 42-year record of uninterrupted dividend growth and income seems likely to play a larger part in overall returns going forward. In general this reflects the paucity of growth opportunities across markets, but specifically it reflects FRCL’s on-going shift from non-yielding private equity investments towards higher yielding listed equities, as well as the prospect of lower funding costs on structural borrowing. Strong income reserves have allowed it to anticipate these portfolio...
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
