The First Global Emerging Markets Investor: The Foreign and Colonial Investment Trust, 1870-1913

Add to your list(s) Download to your calendar using vCal

• Dr David Chambers, Judge Business School
• Monday 20 February 2012, 17:00-19:00
• Lucia Windsor Room, Newnham College.

If you have a question about this talk, please contact D'Maris Coffman.

The Foreign and Colonial Investment Trust (FCIT) is the oldest surviving closed end fund in the world today. Its early success was related to its identification of a missing market, namely, the provision of a wholesale diversified investment vehicle for the investing public. Whilst much research has been conducted on aggregate international capital flows in this period, little work has been undertaken on the prime investment institutions. This micro-study seeks to fill this gap by undertaking detailed quantitative analysis of the leading investment trust investing widely in emerging markets during the first era of financial globalisation before WWI . The history of this flagship investment trust over more than three decades up to 1913 provides an insight into the relative success of this institutional innovation as well as into the risk and returns of investing in global emerging markets over a century ago.

This talk is part of the Financial History Seminar series.

This talk is included in these lists:

• AUB_Cambridge Seminars
• CERF and CF Events
• CSIC Research Talk
• Centre for Health Leadership and Enterprise
• Chris Davis' list
• Darwin Lectures and Seminars
• Economic and Social History Seminars
• Economics and Philosophy
• Financial History Seminar
• Lucia Windsor Room, Newnham College
• Neurons, Fake News, DNA and your iPhone: The Mathematics of Information
• history

Note that ex-directory lists are not shown.