F&C Managed Portfolio Trust (FMPT), launched in 2008, comprises two listed investment portfolios – an income portfolio (FMPI) and a growth portfolio (FMPG) – this is a differentiated structure for an investment trust. These portfolios provide investors with a long-term savings vehicle. Both portfolios hold at least 25 investments (currently concentrated portfolios of c 40 investment companies); they are benchmarked against the FTSE All-Share index, however, there are no maximum levels set for underlying exposures to geographic regions or sectors. A unique feature of FMPT is that any net income generated by FMPG is transferred to FMPI in exchange for capital, which benefits the income prospects for FMPI and potential capital growth prospects for FMPG. NAV total returns for both portfolios have outperformed the benchmark over one, three and five years.
