The Association of Investment Companies had renamed three of its sectors following a review, with the changes effective immediately.
The Financials, India and Technology & Media sectors have been renamed to Financials & Financial Innovation, India/Indian Subcontinent and Technology & Technology Innovation respectively. Annabel Brodie-Smith, communications director at the AIC, said: "The investment landscape is constantly changing and we review our sectors regularly to ensure they are as clear and relevant as possible. The revised sector names and definitions will help investors who want to compare investment companies with open-ended funds." Ex-Scottish Mortgage director Amar Bhidé goes to FCA with concerns The ...
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