The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of investment companies, incorporating investment trusts, VCTs and other closed-end funds.

The information below is a combination of both AIC created and external content covering investment trust news and industry insights applicable to private investors. If you have any questions regarding any of this information, or you simply have a question you would like answered please let us know at

Press releases logoPress releases

The six videos aim to help investors understand investment companies.
79% say that investing should make a positive difference as well as a financial return.
Performance, charges, fund manager and asset management company all come first according to new research.
87% of income investors impacted by the pandemic.

Press releases logoCommentary

David Prosser asks how investment companies can help in tackling climate change.
Faith Glasgow considers the importance of fund managers' transparency about their personal stakes in the investment companies they run to investors.
David Prosser considers the merits of VCTs as a long-term investment, rather than as a tax break.
Ian Cowie looks at the opportunities for investors in commercial property investment companies.

Citywire logoCitywire news

Last updated:
02:56 - 25/11/21

UK smaller companies fund that last month fired Gresham House seeks to recover £300,000 in fees paid to its former fund manager after learning its valuation has been overstated by 2%.
Renewable energy fund becomes the biggest investment company money-raiser so far this year with 2021's second-biggest share issue.
AIM-listed activist investor considering whether to wind up and return £128m of assets to shareholders or reconstruct fund after losing its own battle with an activist US investor.

Laptop Latest videos

The role of a private equity manager

Private equity managers don’t just provide capital. They also apply their strategic and operational expertise to create long-term value in companies. Watch this animation from Pantheon International to learn more about what their private equity managers actually do.

What is a collective investment fund?

In this kind of fund structure, a group of investors pool their money and invest in a portfolio of assets to spread risk. Learn more about collective funds in this video.

What does closed-ended mean?

A closed-ended investment company has a fixed number of shares in issue at any one time. Learn more about closed-ended funds and how they differ to open-ended funds in this video.

Revenue reserves and dividend cover

Revenue reserves are a feature of investment companies which allow them to withhold up to 15 per cent of their annual income. They can then draw on this reserve when company dividends come under pressure. Learn about revenue reserves and dividend cover in this short video.

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