The Association of Investment Companies (AIC) has added ten new members to its universe to reflect the growing number of property trusts and vehicles listed on SFS.
The AIC added non-AIC member UK Real Estate Investment Trusts (REITs) and non-AIC member investment companies listed on the Specialist Fund Segment (SFS) of the London Stock Exchangeto its universe last month. Ten new investment companies have joined the universe with assets totalling £3.2bn. This means the industry now has 399 investment companies with assets under management of £174bn. The change reflects the growing number of investment companies listed on SFS and UK REITs launched in recent years. Ian Sayers, chief executive at the AIC, said: "This change makes sense considerin...
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