Foreign & Colonial : FRCL – annual results

Foreign & Colonial Investment trust has released its results for the year ended 31 December 2013. In total return terms, the net asset value returned 21.4% vs. 21.0% for the FTSE All-World Index.

At the same time F&C has announced that Jeremy Tigue is stepping down as manager of the fund at the end of June 2014. His replacement will be Paul Niven (head of multi-asset investments at F&C and chairman of F&C’s asset allocation committee)

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