The Association of Investment Companies (AIC) is undertaking a review of its sector classifications with hopes to introduce the realigned groupings early next year, Investment Week can reveal.
As the investment trust universe has continued to grow at a considerable rate in recent years, the trade body felt it was "an appropriate time to do this". Total industry assets for trusts now stands at £189bn, while this year there has been a resurgence in the number of IPOs for traditional listed equity mandates. In addition, alternative sectors continue to grow with sectors such as debt, property, and infrastructure being most popular. AIC expands universe with new UK REITs and SFS-listed trusts There have been 16 launches so far this year, raising £2.7bn with a potential two mo...
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