AITC funds supermarket raises £27m

Intermediaries now hold some £27m of investment trust paper via the AITC's fund supermarket, launched a year ago. The trade body created a link to Transact, a funds service and transaction platform for intermediaries, which is owned by Integrated Financial Arrangements. Transact has more than £100m in its service, of which investment trusts account for 26.7%. The Transact service enables intermediaries to buy any investment trust with a single charging and allows them to be remunerated in the same way as they are for advising on unit trusts. A year on, shares in 283 different investme...