AIC: Investment trust fundraising hits all-time high

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Investment trust fundraising so far in 2015 is the highest on record, according to data from the Association of Investment Companies (AIC).

The sector raised £3.9bn up until 14 September, which the AIC said is a higher total raised than in any whole calendar year in history. Investment trusts saw inflows of £5.5bn for the period and outflows of £1.5bn, giving the net flow figure of £3.9bn. Much of the fundraising has been in higher yielding companies in specialist sectors, such as peer-to-peer lending. Woodford-backed P2P trust raises fresh £400m Woodford Patient Capital was also a key contributor to the figure, having raised £830m since its launch in April. The AIC also suggested that discounts reflected the popu...