London, UK, 22 March 2017

Edison issues initiation on F&C Managed Portfolio Trust (FMPI; FMPG)

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.

The board ensures that shares trade close to NAV by an active programme of buybacks when appropriate. This enables issuance of shares to meet demand, ensuring good liquidity. The unique structure of FMPT means that FMPG does not pay a dividend, while FMPI's current 3.9% dividend yield compares favourably with its peers in the AIC Global Equity Income sector.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at www.edisongroup.com and connect with Edison on: