The Association of Investment Companies (AIC) will introduce 13 new investment trust sectors and rename 15 others with effect from Tuesday 28 May following a year-long, industry-wide consultation.
The changes were brought about in part due to the rise in the number of investment companies investing in alternative assets, like debt financing and property. The amount of money being invested into alternatives...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow