The F&C investment trust lost 11.8% in the last six months to June, despite private equity gains.
According to the company's half-year report, the world's oldest investment trust reported a 9.6% loss in NAV over the period, ahead of the 10.7% decline from the FTSE All-World benchmark. The discount widening to 9.6% added an extra sting as it contributed to shareholder total returns falling by 11.8%. F&C among investment trusts set to benefit from upcoming FTSE reshuffle In terms of exposure, all listed equity regions lost value, with the trust's largest regional allocation - North American equity - falling 12.1%. The company's 'growth' stock holdings had a "torrid" time, chair B...
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