AIC: Specialist asset classes stand out in 2011
Specialist asset classes fared much better than the investment sector as a whole in 2011, according to the Association of Investment Companies (AIC).
- (1888PressRelease) December 22, 2011 - While the share price of the average investment company is still 54% up on the lows of 2008, mean growth for 2011 was -5% as the eurozone debt crisis led to long periods of volatility and uncertainty in the markets.
However, specialist asset classes did enjoy some solid results, the AIC explains, with the two best performing funds coming from the Specialist Sector: Debt.
The best performing sector was Property Direct: Europe, which was up 7% for the year, while the UK Growth & Income, North America, and Private Equity sectors all achieved respectable 5% growth.
Annabel Brodie-Smith, AIC Communications Director, said 2011 has been "torrid" for the markets, but there are clearly opportunities out there, adding: "Interestingly, there were also some strong performers among the VCT [Venture Capital Trusts] sector, suggesting that VCTs have held up well in these volatile markets."
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