Specialist sectors proved resilient in 2011, says the AIC

Investment trusts in the specialist sectors were among the best perfomers during 2011, according to trade body the Association of Investment Companies (AIC).

Annabel Brodie-Smith
Annabel Brodie-Smith

The Property Direct – Europe sector was the best performing sector, up by 7% during 2011.

Other top performers included the UK Growth & Income, North America and Private Equity sectors, all rising by 5%.

Two of the top performing investment trusts came from the Specialist sector: Debt sector, with Real Estate Credit Investments, was up 48% and Greenwich Loan Income rose by 40% (to the end of November).

The AIC reports that Venture Capital Trusts (VCTs) made up six of the trade body’s top ten performing members overall in 2011.

British Smaller Companies VCT was the top performing VCT, up 34% over the course of the year, followed by Foresight VCT and Maven Income & Growth VCT 3.

Annabel Brodie-Smith, communications director of the AIC, says: “Whilst 2011 has been a torrid year for markets, it has clearly provided some good investment opportunities for some of the more specialist investment companies.

“Interestingly, there were also some strong performers among the VCT sector suggesting that VCTs have held up well in these volatile markets.”

However, despite this the average investment company was down 5% over the past 12 months (to end of November 2011).

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