F&C Managed Portfolio Trust PLC Edison review of F&C Managed Portfolio Trust
March 24 2017 - 5:17AM
RNS Non-Regulatory
TIDMFMPG
F&C Managed Portfolio Trust PLC
24 March 2017
London, UK, 24 March 2017
Edison issues initiation on F&C Managed Portfolio Trust
(FMPI; FMPG)
F&C Managed Portfolio Trust (FMPT), launched in 2008,
comprises two listed investment portfolios - an income portfolio
(FMPI) and a growth portfolio (FMPG) - this is a differentiated
structure for an investment trust. These portfolios provide
investors with a long-term savings vehicle. Both portfolios hold at
least 25 investments (currently concentrated portfolios of c 40
investment companies); they are benchmarked against the FTSE
All-Share index, however, there are no maximum levels set for
underlying exposures to geographic regions or sectors. A unique
feature of FMPT is that any net income generated by FMPG is
transferred to FMPI in exchange for capital, which benefits the
income prospects for FMPI and potential capital growth prospects
for FMPG. NAV total returns for both portfolios have outperformed
the benchmark over one, three and five years.
The Board ensures that shares trade close to NAV by an active
programme of buybacks when appropriate. This enables issuance of
shares to meet demand, ensuring good liquidity. The unique
structure of FMPT means that FMPG does not pay a dividend, while
FMPI's current 3.9% dividend yield compares favourably with its
peers in the AIC Global Equity Income sector.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
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platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
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investment advice. Edison's reports are not solicitations to buy or
sell any securities.
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