F&C INVESTMENT TRUST PLC - Shareholder update

In this episode, we explore the 2025 shareholder market update from F&C Investment Trust PLC, a company established in 1868 that has continually paid dividends since its inception. Despite its long history, one of its largest holdings is in Nvidia, representing a blend of tradition and modern investment strategy. The trust strategically pivoted to a global mandate in 2013, significantly enhancing its performance by tapping into US tech growth. With a fixed debt of £580 million at just 2.4% interest, F&C is positioned to capitalize on high-growth assets despite rising borrowing costs. However, while the US market thrives, currency risks and the shift from a labor-intensive to a capital-intensive model raise questions about long-term consumption capabilities.