The Association of Investment Companies (AIC) is creating three new investment company sectors as part of a sector reshuffle.

The new sectors; China / Greater China, India and Property – UK Logistics, will be launched in March.

In other changes, the Country Specialist: Asia Pacific – ex Japan, Country Specialist: Europe – ex UK and Country Specialist: Latin America sectors will be merged into a single sector called Country Specialist.

The Asia Pacific Income sector will be renamed Asia Pacific Equity Income.

The AIC says the changes follow a review of investment company sectors overseen by the AIC’s independent statistics committee of brokers, research analysts and data providers.

To accompany the revised sectors, the AIC has published explanations of each sector’s characteristics and will also add this information on its website to help investors understand the differences.

Ian Sayers, AIC chief executive, said: “We do a sector review every two years to ensure our investment company sectors are as helpful as possible for investors. 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.