AIC consults on creating China and India sectors

Countries under-represented in investment company universe

The Association of Investment Companies (AIC) is asking for feedback on whether it should create China and India sectors, Investment Week has learned.

The trade body said it was currently consulting with the relevant members and their managers on whether China and India-focused investment trusts should leave the Country Specialist: Asia Pacific ex Japan sector to form their own peer groups. Feedback from the consultation will determine whether the AIC proceeds with the proposed changes and a decision is likely to be made in Q1 2021, the AIC told Investment Week. The AIC said where possible it looked to use the same sector names and definitions as the Investment Association (IA), so consumers can easily compare funds, both open and c...