The Association of Investment Companies (AIC) has urged the MSCI and S&P Dow Jones to include investment companies investing in real assets into their Global Industry Classification Standard (GICS) structure. Responding to a consultation by the index providers, AIC chief executive Richard Stone said: “We strongly support the inclusion of investment companies investing in assets like property, infrastructure and private equity in the GICS framework. Inclusion would bring investment companies investing in private assets into scope for MSCI and S&P Dow Jones indices. That would benefit users of the indices as they would better reflect the full range of investment opportunities available through listed markets.”
