Foreign & Colonial reports double digit growth in NAV per share

Net asset value per share rose 10.8 per cent to 357.60p while the net asset value total return was 13.3 per cent at Foreign & Colonial Investments (F&C) in the year ended December 31st.

Net asset value per share rose 10.8 per cent to 357.60p while the net asset value total return was 13.3 per cent at Foreign & Colonial Investments (F&C) in the year ended December 31st.

The company's annual dividend per share rose 19.7% to 8.50p prompting the share price to rise more than 11%.

Simon Fraser, the Chairman of F&C, said: "All major stock markets rose in the year despite slower than expected economic growth, political uncertainty in many countries and sluggish earnings growth from many companies. Central banks continued to find new ways of injecting money into the financial system and none of the potential disasters investors were worried about occurred by the end of the year."

"The biggest positive influences on our performance in the year were strong stock selection overseas and our relatively high level of gearing in rising markets. Our private equity portfolio generated far more cash than in 2011 but did not rise as much as public markets."

He added: "Our performance in 2012 continued our record of long-term growth. Over the last ten years we have achieved a total return of 9.5% per annum compared with a benchmark return of 8.6% per annum. At the same time our NAV has been less volatile than the index benchmark. In short we have produced superior performance with lower risk."

F&C's share price was down 0.17% to 352.40p at 08:46 on Monday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Central banks want politicians to take charge – but what will they do?
US Economy

Central banks want politicians to take charge – but what will they do?

The US Federal Reserve has come to the end of the road in terms of what it can do to accelerate any recovery, says John Stepek. It's over to the polit…
17 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020