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F&C Investment Trust (LSE: FCIT) and Alliance Trust (LSE: ATST) are the long-standing giants of the investment trust sector, with assets of £5.4bn and £3.3bn respectively. Both invest globally and seek to offer a combination of capital growth and a reasonable but steadily increasing dividend.
However, with well over a century of history – F&C was founded in 1868 and Alliance in 1888 –