Record fundraising year for investment trusts as AUM hits all-time high

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Investment trusts had a record fundraising year
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Investment trusts had a record fundraising year

Investment trusts raised a record £14.8bn through IPOs and secondary issuances in 2021 (as of 14 December) leading industry assets to hit an all-time high of £277.6bn at the end of November, according to figures from the Association of Investment Companies.

The fundraising record far exceeds the previous one, which was set in 2014, of £10.2bn. Of the new money raised this year £3.8bn was through IPOs, which totalled 16 for the year at time of writing....

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