Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

F&C trust sees 14% asset rise

Monday 16 August 1999 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

FOREIGN & COLONIAL Investment Trust, Britain's oldest closed-end fund, yesterday said its net asset value per share rose 14 per cent in the first half as stock markets around the world surged. The largest UK general equities investment trust said first-half net asset value jumped to pounds 2.7bn, or 259.06 pence per share, from pounds 2.4bn in the second half of 1998.

The value of the fund, which has a fixed number of shares in issue, rose as stock indices climbed on both sides of the Atlantic, with the FTSE All-share index rising more than 7 per cent through the end of June, while the Dow rose 19 per cent. Foreign & Colonial also said the trust gained by pouring more money into Asia, benefiting from a 30 per cent increase in Japan's Nikkei 225 index.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in