Monday, 15 February 2021 12:00
3 new investment company sectors unveiled
The Association of Investment Companies (AIC) is creating three new investment company sectors as part of a sector reshuffle.
The new sectors; China / Greater China, India and Property – UK Logistics, will be launched in March.
In other changes, the Country Specialist: Asia Pacific – ex Japan, Country Specialist: Europe – ex UK and Country Specialist: Latin America sectors will be merged into a single sector called Country Specialist.
The Asia Pacific Income sector will be renamed Asia Pacific Equity Income.
The AIC says the changes follow a review of investment company sectors overseen by the AIC’s independent statistics committee of brokers, research analysts and data providers.
To accompany the revised sectors, the AIC has published explanations of each sector’s characteristics and will also add this information on its website to help investors understand the differences.
Ian Sayers, AIC chief executive, said: “We do a sector review every two years to ensure our investment company sectors are as helpful as possible for investors. These latest changes reflect how our industry has expanded and developed since 2019, with an increasing number of specialist property companies and the growing importance of China and India in equity markets.
“Our new and revised sectors will help investors compare investment companies with relevant peers, and make it easier for them to find what they are looking for.”
New sectors
|
Sector |
Description |
|
China / Greater China |
Invests in the shares of quoted companies in the China or Greater China region. |
|
India |
Invests in the shares of quoted Indian companies. |
|
Property – UK Logistics |
Invests in UK logistics property. |
|
Country Specialist |
Invests a substantial portion of assets in the shares of quoted companies in up to two countries. |
Renamed sector
|
New sector |
New description |
Old sector |
Old description |
|
Asia Pacific Equity Income |
Invests in the shares of larger quoted Asia Pacific companies for both capital growth and income. |
Asia Pacific Income |
Invests in the shares of larger quoted Asia Pacific companies, or high-yielding securities, for a high income. |
Unchanged sectors
|
Asia Pacific |
North America |
|
Asia Pacific Smaller Companies |
North American Smaller Companies |
|
Biotechnology & Healthcare |
Private Equity |
|
Commodities & Natural Resources |
Property – Debt |
|
Debt – Direct Lending |
Property – Europe |
|
Debt – Loans & Bonds |
Property – Rest of World |
|
Debt – Structured Finance |
Property – UK Commercial |
|
Environmental |
Property – UK Healthcare |
|
Europe |
Property – UK Residential |
|
European Smaller Companies |
Property Securities |
|
Financials |
Renewable Energy Infrastructure |
|
Flexible Investment |
Royalties |
|
Global |
Technology & Media |
|
Global Emerging Markets |
UK All Companies |
|
Global Equity Income |
UK Equity & Bond Income |
|
Global High Income |
UK Equity Income |
|
Global Smaller Companies |
UK Smaller Companies |
|
Growth Capital |
VCT AIM Quoted |
|
Hedge Funds |
VCT Generalist |
|
Infrastructure |
VCT Generalist Pre Qualifying |
|
Infrastructure Securities |
VCT Specialist: Environmental |
|
Insurance & Reinsurance Strategies |
VCT Specialist: Healthcare & Biotechnology |
|
Japan |
VCT Specialist: Media, Leisure & Events |
|
Japanese Smaller Companies |
VCT Specialist: Technology |
|
Leasing |
VCT Specialist: Technology Pre Qualifying |
|
Liquidity Funds |
|
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