AIC welcomes publication of FTSE women leaders report

Investment trusts dominate top ten FTSE 250 performers.

people board

The Association of Investment Companies (AIC) has welcomed the publication of the first report of the FTSE Women Leaders Review, which highlights progress across the FTSE 350 for women leaders.

According to the report, “investment trusts not only dominate the Top Ten Best Performers list [among the FTSE 250], they also make up around half of the 92 FTSE 250 Boards already at 40%, or more women”. A minimum of 40% women’s representation is the new target recommended by the report, increased from the current 33% level.

Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “We welcome this insightful and very encouraging report, which highlights the progress that investment companies have made in increasing the representation of women on boards.

“Since the data for this report was compiled, investment companies have made even further progress, and many have now reached the new recommended target of 40% women on boards. The AIC has been supporting our members to increase the diversity of their boards through initiatives such as our website, Pathway, which encourages people who might not previously have considered a board role to consider putting themselves forward.”

-ENDS-

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Notes to editors

  1. 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 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 mission statement is to help members add value for shareholders over the longer term. The AIC has 360 members and the industry has total assets of approximately £269 billion.
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