AIC's Sayers: The industry's biggest challenge of the next five years

'Polarised results' for investment trusts

Ian Sayers, chief executive of the Association of Investment Companies (AIC), tells Jayna Rana about why the FCA Asset Management Study disappointed him, the "polarised results" he expects to see across the investment trust world and the industry's biggest challenge of the next five years

Having worked at the AIC for 20 years and led the trade association as its chief executive for the last eight, it is safe to say Ian Sayers knows a thing or two about investment trusts. Joining the organisation under the leadership of former director general Daniel Godfrey in 1998 as technical director, Sayers worked his way up as the sector grew almost three-fold from a £60bn industry in the late 1990s to just under £175bn at the end of last year. Sayers says he has seen a number of investment cycles during his tenure so far, as well as a significant amount of change across the indus...