‘There’s a lot of value in emerging markets’ - Paul Niven of F&C

The F&C Investment Trust (FCIT) is as close to a household name as a fund can be. Founded in the 19th century, its global stocks “one-stop shop” nature has made it a favourite for investors for decades, and despite changing managers and fund houses, it’s remained true to its aim.Val Cipriani sits down with current manager Paul Niven, who discusses the trust’s approach to using other fund managers, where he sees value in stock markets, the pros and cons of a concentrated portfolio and why, despite cutting back on US companies, he believes there’s still value to be found.Timestamps00:00 Intro00:21 What is F&C01:45 How the trust is structured05:01 Use of 3rd party managers7:31 Trying to beat the benchmark10:02 Why F&C is so diversified14:21 Reacting to the war in Iran20:32 Is the market too optimistic?22:46 Emerging markets25:17 Trends away from the US28:05 Magnificent seven32:05 Nvidia35:11 Private equity42:15 Software exposure and AI disruptionInvestors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Times. Hosted on Acast. See acast.com/privacy for more information.