Association of Investment Companies explained

Association of Investment Companies
Abbreviation:	AIC
Formation:	1932
Status:	Trade body for closed-ended investment companies
Headquarters:	24 Chiswell Street, City of London, EC1Y 4YY
Membership:	350 members
Leader Title:	Chief Executive
Leader Name:	Richard Stone
Website:	AIC website

The Association of Investment Companies (AIC) is the United Kingdom trade association for the closed-ended investment company industry.^[1]

Function

The association represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, REITs and Venture Capital Trusts (VCTs) that are traded on the London Stock Exchange, AIM, Specialist Fund Segment and Euronext.

History

It was founded in 1932, and was owned by James Henry. It was previously called the Association of Investment Trust Companies.

Location

AIC is situated in the City of London near to Moorgate tube station.

External links

• Official website

Notes and References

1. Web site: Jenny. Lowe. In the spotlight: Association of Investment Companies. FT Adviser. 20 September 2010. 2010-12-03. https://web.archive.org/web/20110711050437/http://www.ftadviser.com/InvestmentAdviser/Investments/Products/InvestmentTrusts/Features/article/20100920/fd372f98-a46e-11df-a0c7-00144f2af8e8/In-the-spotlight-Association-of-Investment-Companies.jsp. 2011-07-11. dead.