The Association of Investment Trust Companies (Aitc) has announced plans to change its name in what it says is a move that will reflect the evolving investment company universe and the Association's changing membership.
The Aitc, which made the announcement this morning during as part of its annual conference for directors, says growth in the UK-listed investment company sector has come largely from offshore investment companies in recent years. And while they are not ‘investment trusts’ in the legal sense, such companies, together with investment trusts are seen by the outside world as part of a single closed investment company world. While the new name for the Association has yet to be finalized it is likely it will be the Association of Investment Companies (AIC) with the change being introduced by the...
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