The Association of Investment Companies (AIC) will create three new sectors and merge three others into a single peer group, following one of its regular sector reviews. 
The trade body will launch its new IT China/Greater China, IT India and IT Property – UK Logistics sectors in March.
Trusts in the IT China/Greater China will invest in the shares of quoted companies in the China or Greater China region, while IT India trusts will own shares of quoted Indian companies. The IT Property – UK Logistics sector will be home to trusts that invest in UK logistics properties.
Meanwhile, the AIC will merge its existing IT Country Specialist: Asia Pacific – ex Japan, IT Country Specialist: Europe – ex UK and IT Country Specialist: Latin America sectors into a single sector called IT Country Specialist. Trusts here will invest a substantial portion of their portfolio in the shares of quoted companies in up to two countries.
In addition, the IT Asia Pacific Income sector will be renamed IT Asia Pacific Equity Income.
The AIC carries out a sector review every two years to ensure its investment trust sectors are as helpful as possible for investors.
Ian Sayers, chief executive of the AIC, said: “These latest changes reflect how our industry has expanded and developed since 2019, with an increasing number of specialist property companies and the growing importance of China and India in equity markets.
“Our new and revised sectors will help investors compare investment companies with relevant peers and make it easier for them to find what they are looking for.”