Investment trust trade body aligns sectors with IMA

The Association of Investment Companies (AIC) has renamed five sectors to match those used by its open-ended counterpart the IMA.

The change became effective on January 2 and and the AIC director general Ian Sayers said the change would make it “easier for private investors and financial advisers to look at investment companies alongside open-ended funds when researching investments”.

“In a post RDR world this should help investors to find the right company for their investment needs,” he added.

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“Our other sector names continue to be appropriate, while our sector definitions will remain unchanged.”

AIC sector name changes
Old nameNew name
Global GrowthGlobal
Global Growth & IncomeGlobal Equity Income
UK GrowthUK All Companies
UK High IncomeUK Equity & Bond Income
UK Growth & IncomeUK Equity Income