UK Equity Income funds star in AIC list
Half of UK Equity Income investment trusts have raised dividends for at least 10 consecutive years, a feat shared by 21% of total AIC member companies.
Half of UK Equity Income investment trusts have raised dividends for at least 10 consecutive years, a feat shared by 21% of total AIC member companies.
Despite the proverbial wall of worries seeming as high and treacherous as it ever has been, investors continue to climb it with safety equipment of questionable quality.
Statistics released by the Association of Investment Companies showed that 49% of sector constituents a total of 109 companies were above the 3% threshold as of 18 February.
According to new statistics by the Association of Investment Companies, industry assets are at an all-time high.
A third of the top-performing investment companies are in the smaller companies sector, latest data by the AIC reveals.
The Government has amended the Finance Bill legislation to remove the uncertainty which had caused some venture capital trusts to delay allotting shares in the 2014-15 tax year.
Advisers can take advantage of a service provided by the AIC on new pooled investment rules.
The average investment trust discount at the end of last year was at its lowest level – 3.4% – since records began in December 1970, according to the Association of Investment Companies (AIC).
Japanese trusts have dominated performance in the closed-end space throughout the year with discounts narrowing leading to a rerating of the sector.
Investment companies have raised £2.7bn in the first half of the year, of which just under half has been through new issues on the London Stock Exchange.
Investment company exposure to the UK has fallen 9% over the past ten years, while investment in G8 economies has fallen by eight percentage points over the same period, according to data provided by the AIC.
Ian Sayers, director general of the AIC, has welcomed the FCA's long-awaited rules outlining how platforms can be paid going forward.