F&C Investment Trust has new management. BMO have sold their EMEA asset management division to Columbia Threadneedle.
https://www.businesswire.com/news/home/ ... t-Business
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F&C Investment Trust - new management
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- Lemon Slice
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- Lemon Slice
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Re: F&C Investment Trust - new management
Very interesting. I have been a medium-term (eight year) holder of F&C and it has been a good investment (total return: 108% in the past five years and 226% in the past ten). That has matched the FTSE World index over five years and beaten it by 10% over ten years. Will this takeover/buyout change F&C's investment strategy? We shall find out.
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- Lemon Half
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Re: F&C Investment Trust - new management
Looks like BMO have sold off assets in Europe, Middle East and Africa ( EMEA) . So, that part of the business has new management.
BMO still manage FCIT.
BMO still manage FCIT.
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- Lemon Quarter
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Re: F&C Investment Trust - new management
monabri wrote:Looks like BMO have sold off assets in Europe, Middle East and Africa ( EMEA) . So, that part of the business has new management.
BMO still manage FCIT.
Well, the Ameriprise link provided states:
In addition, the transaction adds depth and breadth in other traditional asset classes. BMO’s European fund range comprises several publicly traded investment trusts, including F&C Investment Trust PLC, the world’s longest-tenured investment trust, which complements our Tri-Continental Corporation, the longest-tenured closed-end fund in the U.S.
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- Lemon Slice
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Re: F&C Investment Trust - new management
Sarah Arkle - Independent Non-Executive Director of FCIT might have some inside knowledge of the new company.
Appointed to the Board on 2 March 2011 and is a member of the Audit Committee. Sarah brings to the Board investment knowledge and expertise in investment management. She was Vice Chairman of Threadneedle where she was Chief Investment Officer for ten years until her retirement at the end of December 2010. Sarah was previously a Far East Equity Manager and a director at Allied Dunbar Asset Management. Sarah is Chairman and non-executive director of JPMorgan Emerging Markets Investment Trust PLC.
Appointed to the Board on 2 March 2011 and is a member of the Audit Committee. Sarah brings to the Board investment knowledge and expertise in investment management. She was Vice Chairman of Threadneedle where she was Chief Investment Officer for ten years until her retirement at the end of December 2010. Sarah was previously a Far East Equity Manager and a director at Allied Dunbar Asset Management. Sarah is Chairman and non-executive director of JPMorgan Emerging Markets Investment Trust PLC.
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