According to the organisation, the new sector will include companies “whose policy allows them ti invest in a range of asset types”.
Ian Sayers, AIC CEO said: “We believe the new sector will help investors and advisers easily find and compare those investment companies which have the ability to invest in a range of assets. Importantly, the introduction of the Flexible Investment sector will also allow investors to compare investment companies with similar open-ended funds.”
The companies that will be reclassified in January are:
BACIT
BlackRock Income Strategies Trust
Capital Gearing Trust
Henderson Alternative Strategies Trust
INVESCO Perpetual Select Balanced Risk
Miton Worldwide Growth Investment Trust
New Star Investment Trust
Personal Assets Trust
RIT Capital Partners
Ruffer Investment Company
