Following a relatively quiet 2009, it has
been all go in the
investment company sector during 2010 with ten new launches
raising a total of £1.16bn since the turn of the year.
In comparison, last year witnessed just four new launches raising
£568m.
According to the Association of
Investment Companies (AIC), the new launches have been in nine
different areas, with a focus on
emerging markets and specialist sectors.
Ian Sayers, director general of the AIC, commented: Activity
in the investment
company sector has most definitely picked up in 2010 in
comparison with 2009.
The most notable change has been an increased number of
launches and the innovative nature of their investment
strategies.
Meanwhile, Andrew Beal, portfolio manager at Henderson TR Pacific
Investment Trust plc, claimed recently that despite declines in the
financial markets,
Asia looks set to escape the worst impact of the European
debt problem.
Economic data indicates that Western problems will have a limited
impact in Asia, Mr Beal said.
