F&C Managed Portfolio Trust beats benchmark
In its full-year results to 31 May, F&C Managed Portfolio Trust, managed by Peter Hewitt at F&C Investments in Edinburgh, posted NAV total returns of 23.9% and 24.2% respectively for its Income and Growth portfolios, beating the total return on the FTSE All-Share Index of 22.9%.
The Income shares also had a dividend yield of 4.9% at the year-end, compared with 3.5% for the All-Share. Both share classes ended the year at a slight premium to net asset value, having traded close to NAV for most of the year. Over 90% of the Company's shares are held by investors through F&C's savings schemes.