Adviser use of investment companies has been growing steadily since the Retail Distribution Review (RDR), according to research conducted by the Association of Investment Companies (AIC) in association with Unbiased.
This found more than two-fifths (43%) of advisers saying they now use investment companies in client portfolios, compared with 36% who said they used them pre-RDR. More than a third (35%) of the advisers canvassed said they held investment companies in their own portfolios. In addition, 16% of advisers suggested the problems faced by some open-ended property funds this year - with a number suspending dealing - had made them more likely to consider investment companies or real estate investment trusts as an alternative. Principal motivating factors for advisers when it came to invest...
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