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AIC highlights best-performing investment companies

Pay increase1Investment companies, which are expected to become more attractive next year as the UK’s retail distribution review (RDR) comes into force, have on average gained 6%, according to the Association of Investment Companies.

Statistics released by the trade body show the average investment company is up 26% over the last three years, 9% over five years and 168% over ten years.

Biotechnology and healthcare, which returned 26%, topped the list this year. The second and third best performing sectors were UK Smaller Companies and North American Smaller Companies, returning 24% and 21%, respectively.

The AIC highlighted Biotech Growth as the best-performing investment company, which returned 52%. This was followed by Aberdeen Asian Smaller Companies and Jupiter European Opportunities, both up 45%. The Aberdeen New Thai was up 40% and Standard Life European Private Equity 39%.

It is anticipated that investment trusts will become more popular with independent financial advisers after the RDR, but platform providers have been criticised for not supporting them adequately.

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