Investment trust fundraising so far in 2015 is the highest on record, according to data from the Association of Investment Companies (AIC).
The sector raised £3.9bn up until 14 September, which the AIC said is a higher total raised than in any whole calendar year in history. Investment trusts saw inflows of £5.5bn for the period and outflows of £1.5bn, giving the net flow figure of £3.9bn. Much of the fundraising has been in higher yielding companies in specialist sectors, such as peer-to-peer lending. Woodford-backed P2P trust raises fresh £400m Woodford Patient Capital was also a key contributor to the figure, having raised £830m since its launch in April. The AIC also suggested that discounts reflected the popu...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
