Fund of the week: Top pick for global income-seekers

Investors seeking income and international exposure should look no further than this venerable, old investment trust.

Steady sources of investment income are getting harder to find. So it's easy to see the attraction of Foreign & Colonial Investment Trust's "mouthwatering combination of income and capital growth for its 100,000-strong army of private investors", says Jeff Prestridge in The Mail on Sunday.

Founded in 1868, the oldest investment trust in existence boasts an impressive dividend track record, having raised payments every year for the past 42 years. This year, true to form, manager Jeremy Tigue will be increasing payments by 5.9% to 9p, following a 19.7% hike in 2012.

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