#12



Hi,



interesting fact, any idea what price it was on launch and today's price?
Originally posted by frugalmacdugal


Unfortunately the history isn't on their website which is a shame

http://www.fandc.com/foreign-and-colonial-investment-trust/#.WLXri_nyiUk



The launch was in press in 1868 as:



A financial proposal of a novel kind will tomorrow be submitted to the public, which is called by its promoters “The Foreign & Colonial Government Trust”…. Should the plan prove successful, the idea may be applied in a great variety of directions, and as it is both new and bold, is worthy of attentive consideration…. It is for the public to determine



I've been a long term investor for my kids, looks like a familiar pattern here...

#13



Do funds like this stay open for the long haul if returning, or do they close regularly?


Do funds still "soft close" when they get too big to manage properly such as when they cannot find any more investments that fit their selection criteria?



If they do, do they refuse any further contributions?

#14



Do funds still "soft close" when they get too big to manage properly such as when they cannot find any more investments that fit their selection criteria?



If they do, do they refuse any further contributions?
Originally posted by greenglide


They do but it's not very common.



Sometimes they refuse all new money, sometimes existing investors can continue to subscribe.

#15
Yes if a fund gets too big that may well be a reason to soft close as it can be hard finding overlooked value opportunities when you have millions to invest.



"Soft close" is an imprecise term as it can mean almost anything. They could simply stop marketing it and ask IFAs to take it off their buy lists while still accepting private investors, or they could crank up the minimum investment or initial fee to put people off.

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