Investment company secondary fundraising hits record level in 2019
All-time high £6.9bn raised
The AIC's CEO Ian Sayers
Fundraising from existing investment trusts hit a record £6.9bn in 2019, up from £4.8bn in 2018, despite new issuance more than halving compared to the previous year, data from the Association of Investment Companies (AIC) shows.
Secondary raises from investment companies were strong during 2019, surging through the previous all-time high of £6.3bn, set in 2017. The year included the highest amount raised during a first-half period...
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