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F&C Investment Trust beats benchmark despite 'challenging' year

By BFN News | 09:05 AM | Tuesday 12 March, 2019

F&C Investment Trust reported Tuesday a decline in returns, but still managed to beat its benchmark following the 'most challenging' year since the global financial crisis. For the 12 months ended 31 December, shareholder return fell 0.6% but that was better than the 3.4% decline seen in the FTSE All-World Index, which it used as its benchmark. Net Asset Value total return, with debt at market value, fell 3.3% for the year. NAV per share with debt at market value fell from 675.8 pence to 642.9 pence per share and its share price declined from 647 pence to 633 pence. The annual dividend per share was up 5.8% to 11.0p. 'The future political and economic environment is perhaps even more uncertain than ever with only a few weeks until we are expected to leave the European Union but still no clarity as to how we are going to do so,' the company said. 'Globally, as well, there are question marks on the major trading relationships between China and the US. Additionally the speed with which technology is disrupting traditional industries continues to accelerate.' At 9:05am: (LON:FCIT) share price was -3p at 679p Story provided by

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