The Association of Investment Companies (AIC) will introduce 13 new investment trust sectors and rename 15 others with effect from Tuesday 28 May following a year-long, industry-wide consultation.
The changes were brought about in part due to the rise in the number of investment companies investing in alternative assets, like debt financing and property. The amount of money being invested into alternatives has almost doubled over the past five years to £75.9bn, the AIC has revealed. As a result it has, for example, split the Sector Specialist: Debt category into three new sectors: Debt - Direct Lending, Debt - Loans & Bonds and Debt - Structured Finance. The Property Direct - UK and Property Specialist sectors, meanwhile, have been separated into four sectors: Property - UK Commer...
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