F&C Managed Portfolio Trust PLC Edison review of F&C Managed Portfolio Trust (7699O)
May 21 2018 - 10:22AM
UK Regulatory
TIDMFMPG
RNS Number : 7699O
F&C Managed Portfolio Trust PLC
21 May 2018
TO: RNS
FROM: F&C Managed Portfolio Trust
DATE: 21 May 2018
SUBJECT: Edison review of F&C Managed Portfolio Trust plc
LEI: 213800ZA6TW45NM9YY31
Edison issues review on F&C Managed Portfolio Trust (FMPG,
FMPI)
F&C Managed Portfolio Trust (FMPT) has a differentiated
structure comprising two listed portfolios: income (FMPI) and
growth (FMPG). The trust is celebrating its 10th anniversary, and
both portfolios have outperformed the benchmark FTSE All-Share
index over three and 10 years, while FMPG has also outperformed
over one and five years. Any income generated by FMPG is
transferred to FMPI in exchange for an equal amount of capital,
boosting their respective capital growth and income prospects. FMPI
and FMPG have recently changed their Association of Investment
Companies (AIC) classifications from the Global Equity Income and
Global sectors respectively, to the Flexible Investment sector,
which the manager says is a more relevant peer group. FMPI has
grown its annual dividend regularly since 2012 and is currently
yielding 4.0%.
FMPT's board aims to ensure that both portfolios trade close to
NAV. FMPI and FMPG have the authority, renewed annually, to
repurchase up to 14.99% and issue up to 10% of shares. As noted
above, FMPG does not pay a dividend, while FMPI benefits from the
growth portfolio's transfer of income in exchange for capital; it
currently offers shareholders an above-average 4.0% dividend
yield.
Click here to view the full FMPG/FMPI report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory
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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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investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
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END
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