AIC expands universe with new UK REITs and SFS-listed trusts

Summary

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 Exchange to 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.

 

Implications

Ian Sayers, chief executive at the AIC, said: “This change makes sense considering the increased number of launches on the Specialist Fund Segment and the rising number of UK REIT launches which are funds. The investment company structure is particularly suitable for illiquid assets like property and debt and other specialist strategies. Our 2017 adviser platform purchases demonstrate that advisers are recognising this with four out of six of the most popular investment company sectors being in alternative assets.”

Link

https://www.investmentweek.co.uk/investment-week/news/3030717/aic-adds-specialist-fund-segment-names-from-lse-to-universe

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