The Association of Investment Companies (AIC) is to create three new investment company sectors following a sector review. The new sectors, China / Greater China, India and Property – UK Logistics will be launched in March.
In addition, the Country Specialist: Asia Pacific – ex Japan, Country Specialist: Europe – ex UK and Country Specialist: Latin America sectors will be merged into a single sector called Country Specialist, and the Asia Pacific Income sector will be renamed Asia Pacific Equity Income.
The changes follow a review of investment company sectors which was overseen by the AIC’s independent statistics committee of brokers, research analysts and data providers. The review was undertaken in consultation with the AIC’s members to ensure its investment company sectors are as clear and helpful as possible for investors.
When the changes take effect, the AIC will issue new sector descriptions on its website so investors can easily understand what each sector invests in.
New Sectors
| Sector | Description |
| China / Greater China | Invests in the shares of quoted companies in the China or Greater China region. |
| India | Invests in the shares of quoted Indian companies. |
| Property – UK Logistics | Invests in UK logistics property. |
| Country Specialist | Invests a substantial portion of assets in the shares of quoted companies in up to two countries. |
Renamed Sector
| New sector | New description | Old sector | Old description |
| Asia Pacific Equity Income | Invests in the shares of larger quoted Asia Pacific companies for both capital growth and income. | Asia Pacific Income | Invests in the shares of larger quoted Asia Pacific companies, or high-yielding securities, for a high income. |
Click on the link for further information.