F&C Asset Management

F&C Asset Management Plc is an international asset management company and is part of BMO Global Asset Management.

F&C Asset Management Plc

Type	A wholly owned subsidiary of Bank of Montreal (BMO)
Industry	Investment management
Founded	1972 (1972)
Headquarters	London, England, UK
Key people	Kieran Poynter (Non-Executive Chairman) Richard Wilson (Chief Executive)
Revenue	£257.5 million (2013)[1]
Operating income	£38.5 million (2013)[1]
Net income	£10.2 million (2013)[1]
Website	www.fandc.com

F&C’s head office is in the City of London in Exchange House, Primrose Street, London.

History

F&C can trace its roots back to 1868, when Foreign & Colonial Investment Trust, the world’s first investment trust was launched. In 2014 F&C Investments became part of BMO Global Asset Management, and ultimately the BMO Financial Group.[2]

Operations

F&C Investments currently have over 25 offices in 14 countries around the world.

F&C have four regional investment hubs, in London, Toronto, Chicago and Hong Kong, as well as a number of itinerant investment teams.

Products & Investment Trusts

With 10 investment trusts, F&C Investments offer investments including equities, bonds, property and private equity. F&C trusts have different aims and strategies with the option of capital growth, income or a combination of both and with a specific regional focus or with a global remit

The funds include;

• European Assets Trust
• F&C Capital and Income Trust
• F&C Commercial Property Trust
• F&C Global Smaller Companies
• F&C Managed Portfolio Trust
• F&C Private Equity Trust
• F&C UK High Income Trust plc
• F&C UK Real Estate Investments
• Foreign & Colonial Investment Trust
• TR Property Trust

F&C Investments also provide a range of savings plans designed to meet varying investment goals including;

• Savings plans for children;
  • Junior ISA
  • Children’s Investment Plan
  • Child Trust Fund
• Investment Trust ISA
• Private Investor Plan

Ownership

On 7 May 2014, F&C Investments was acquired by Bank of Montreal through its wholly owned subsidiary, BMO Global Asset Management (Europe) Limited. Prior to this it was listed on the London Stock Exchange.[3]

References

1. Preliminary Results 2013
2. Beth Brearley (June 11, 2015). "F&C to rebrand as BMO Global Asset Management". Money Marketing.
3. Ben Dummett (January 28, 2014). "Bank of Montreal to Buy F&C Asset Management". The Wall Street Journal.

Further reading

• F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.