The Association of Investment Companies (AIC) is undertaking a review of its sector classifications with hopes to introduce the realigned groupings early next year, PA's sister title Investment Week has revealed.
As the investment trust universe has continued to grow at a considerable rate in recent years, the regulatory body felt it was "an appropriate time to do this". Total industry assets for trusts now stands at £189bn, while this year there has been a resurgence in the number of IPOs for traditional listed equity mandates. In addition, alternative sectors continue to grow with sectors such as debt, property, and infrastructure being most popular. AIC launches investment company platform comparison tool There have been 16 launches so far this year, raising £2.7bn with a potential two m...
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