Investors lose their appetite for UK exposure within AIC global sectors

Two trusts above 50% allocation to the UK

Over the past two decades, trusts in the Association of Investment Companies’ (AIC) global sectors have become increasingly international, dropping their UK exposure from an average of 50% of their portfolio to 19% due to the change in the make-up of market and investor demand.

However, the jury is out on whether their departure from the homeland has played to their favour in terms of performance. In 2001, only three trusts of the 29 within either the AIC Global Growth or AIC Global Growth & Income sectors had less than 20% exposure to the UK, according to figures from the AIC and Morningstar produced for Investment Week.  Today the reverse is true with just six of 22 within the sectors, which were renamed in 2013 to Global and Global Equity Income, above 20%.  Trust boards have more equal pay than FTSE 100 Nick Britton, head of intermediary communicat...