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SUMMARY:The First Global Emerging Markets Investor: The Foreign and Coloni
 al Investment Trust\, 1870-1913 - Dr David Chambers\, Judge Business Schoo
 l
DTSTART:20120220T170000Z
DTEND:20120220T190000Z
UID:TALK35444@talks.cam.ac.uk
CONTACT:D'Maris Coffman
DESCRIPTION:The Foreign and Colonial Investment Trust (FCIT) is the oldest
  surviving closed end \nfund in the world today. Its early success was rel
 ated to its identification of a missing market\, \nnamely\, the provision 
 of a wholesale diversified investment vehicle for the investing public. \n
 Whilst much research has been conducted on aggregate international capital
  flows in this \nperiod\, little work has been undertaken on the prime inv
 estment institutions. This micro-study \nseeks to fill this gap by underta
 king detailed quantitative analysis of the leading investment trust \ninve
 sting widely in emerging markets during the first era of financial globali
 sation before WWI. \nThe history of this flagship investment trust over mo
 re than three decades up to 1913 provides \nan insight into the relative s
 uccess of this institutional innovation as well as into the risk and \nret
 urns of investing in global emerging markets over a century ago. \n
LOCATION:Lucia Windsor Room\, Newnham College
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