AIC launches ‘My portfolios’ tool to help investors keep track of their investments
The Association of Investment Companies (AIC) has launched a new tool called ‘My portfolios’ to help investors keep track of their investment company holdings.
The Association of Investment Companies (AIC) has launched a new tool called ‘My portfolios’ to help investors keep track of their investment company holdings.
The launch follows extensive feedback from users of the AIC’s website, theaic.co.uk. It brings together the existing watchlist and income builder features and adds various enhancements.
Investors can enter their existing investment company holdings into ‘My portfolios’, together with the number of shares they hold. A market value is then calculated for each holding (using the price at the last market close).
A cash holding can be added to a portfolio too. This feature enables users to incorporate non-investment company holdings or cash balances. The value will be held constant until changed by the user.
By clicking on ‘View company data’, users can access a customisable table offering a wide range of data points on their chosen investment companies: for example, performance data, dividend yield or payment dates, or discount or gearing information. There’s also the ability to see a pie chart which breaks down their portfolio by investment company or AIC sector.
‘My portfolios’ can be used to create multiple portfolios. This can help investors track holdings across different accounts (for example, ISAs, SIPPs or general dealing accounts), or portfolios of different family members. It can also be used to create watchlists of companies that users are interested in tracking, with no requirement to enter market values or number of shares held.
Features for income investors
The AIC’s Income finder feature allows users to investigate income-paying investment companies, tracking the months in which dividends are paid and building virtual portfolios with their desired distribution of income over the year – always bearing in mind that dividends are not guaranteed.
‘Income finder’ has now been fully integrated with ‘My portfolios’. This means that a portfolio created within ‘Income finder’ can be viewed in ‘My portfolios’ and vice versa, offering website users more flexibility.
A tutorial is available, which guides users through these features step by step.
“We constantly look for ways to improve our website to make it even easier for investors to find and compare investment companies. The new ‘My portfolios’ function has been based on extensive user feedback. We hope it makes it easier for investors in investment companies to research, select and monitor their holdings.”
Richard Stone, Chief Executive of the Association of Investment Companies (AIC)
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “We constantly look for ways to improve our website to make it even easier for investors to find and compare investment companies. The new ‘My portfolios’ function has been based on extensive user feedback. We hope it makes it easier for investors in investment companies to research, select and monitor their holdings.”
The launch of ‘My portfolios’ follows other recent enhancements to the AIC website, including the expansion of the AGM calendar to include other upcoming meetings and presentations.
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Notes to editors
- The Association of Investment Companies (AIC) represents a broad range of closed-ended investment companies, incorporating investment trusts and other closed-ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s vision is for investment companies to be understood and considered by every investor. The AIC has 345 members and the industry has total assets of approximately £262 billion.
- For more information about the AIC and investment companies, visit the AIC’s website.
- Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance. The value of investment company shares, and the income from them, can fall as well as rise. You may not get back the full amount invested and, in some cases, nothing at all.
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