Investment trust professionals have welcomed the Association of Investment Companies' (AIC) decision to introduce 13 new sectors and rename 15 others, in its attempt to more "accurately reflect the shape of the industry today".
The changes, announced last week, follow a year-long, industry-wide consultation, and will come into fruition on 28 May. They include splitting the two Asia Pacific sectors into three: Asia Pacific,...
Main barriers revealed
'Alarming' performance differential
Mixed industry reaction to new appointment
Follows extended period of underperformance
Investor urges fund group to be more cautious on promoting funds
Reducing amount of financial advice
Link Fund Solutions (LFS) has agreed to sell "a significant portion" of the stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m.
Legal claims for compensation are being considered against the Woodford Equity Income fund's (WEIF) authorised corporate director (ACD) Link Fund Solutions, which is accused of early-stage failures in the fund's collapse, a failure to act in the best...
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