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In 1868, Foreign & Colonial Investment Trust (F&C) was established on the principle that investors of moderate means should have equal access to the stock market. The London-based firm became the world’s first investment trust. F&C’s conviction for working in the best interest of their clients was just one of the values that made them a good fit for the BMO family. In 2014, BMO acquired the firm as part of a strategy to expand BMO Global Asset Management in Europe. At the time, F&C had 658 employees and £82 billion of assets under management. It was the second-largest acquisition in BMO history.