INVESTMENT STRATEGY
FLEXIBLE INVESTMENT
MIXING IT UP
AIC Flexible Investment comprises trusts that can invest across a range of asset classes,
but Adam Lewis says the similarities between many of them end there
T
his month saw the
Association of Investment
Companies launch the
Flexible Investment sector, partly
to allow investors to compare
investment trusts against openended funds with a similar
mandate.
The new sector houses 10
investment trusts, which
combined have total assets
under management of just
over £5bn. The sector’s name
mirrors the one used by the
Investment Association, while
the definition of the new peer
group is: “Companies whose
policy allows them to invest in a
range of asset types.”
Of those investment trusts
that have agreed to move into
16
the new peer group, eight were
formerly in the AIC Global
sector: BACIT (Battle Against
Cancer Investment Trust),
Henderson Alternative Strategies
Trust, Invesco Perpetual Select
Balanced Risk, Miton Worldwide
Growth Trust, New Star IT,
Personal Assets Trust, RIT Capital
Partners and Ruffer Investment
Company.
The remainder of the new sector
is made up of the BlackRock
Income Strategies Trust, which
moved over from AIC Global
Equity Income, and the Capital
Gearing Trust, which sat in the
AIC UK All Companies sector.
Explaining the rationale
behind the launch of th