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The investment company industry’s total assets under management reached a record high of £150.7bn at the end of August 2016, having grown 50% in the last three and half years having reached £100.8bn at the end of January 2013, according to figures released today by the Association of Investment Companies (AIC). See the ten largest investment companies at 31 August 2016 below. |
Ian Sayers, Chief Executive of the Association of Investment Companies (AIC) said: “After a challenging start to the year and uncertainty over the EU referendum, it’s positive news that the industry’s total assets are at a record high, passing £150bn for the first time. The growth of alternative assets to just over a third of the industry’s assets is significant. However, the Global sector remains the largest investment company sector and our three largest members are from this sector. Investment companies’ long-term performance record, and their income advantages, make them particularly relevant to investors in the current low interest rate environment.” Ten largest member investment companies (£m) at 31 August 2016
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