Half of the ten most viewed member investment companies on the Association of Investment Companies website in May were global growth investment companies.
Four of the most viewed AIC Members were also in the income sectors, three UK growth & income and one global growth & income. The only investment company in the top ten outside the UK and global sectors was Templeton emerging markets.
The investment company sector on the highest premium is currently the Property Direct (UK) sector, which is on an average premium of +5 per cent with an average income yield of 6.5 per cent, marking a turnaround since the commercial property downturn, when the average discount was as high as 44 per cent at the end of December 2008. The specialist sector: infrastructure is the second most highly rated investment company sector, on an average premium of +4 per cent, and with an average dividend of 5.4 per cent.
AIC communications director Annabel Brodie-Smith says: “These figures illustrate the popularity of the Global and UK sectors with investors. It is also interesting to see that half of the most widely viewed members on our website are currently on premiums, with most of these having an income focus.”
She adds: “In a low interest-rate, inflationary environment, investment companies with an income orientated focus are clearly in demand.”