The Association of Investment Companies has launched a new tool to help investors keep track of their investment company holdings.
‘My Portfolios’ allows investors to enter their existing company holdings into the tool, together with the number of shares they hold, with a market value generated for each holdings.
Investors can also add a cash holding to a portfolio too, enabling them to incorporate non-investment company holdings or cash balances. The value is held constant until changed by the user.
The AIC said users can access a customisable table offering a wide range of data points on their chosen investment companies, such as performance data, dividend yield or payment dates, as well as discount or gearing information.
The new tool can also be used to create multiple portfolios, which can help investors track holdings across different accounts or portfolios of different family members, as well as create watchlists of companies that users are interested in tracking, with no requirement to enter market values or number of shares held.
Additionally, AIC’s income finder feature, which has now been fully integrated with My Portfolios, allows users to investigate income-paying investment companies, tracking the months in which dividends are paid and building virtual portfolios with their desired distribution of income over the year.
Richard Stone, chief executive of the Association of Investment Companies, said: “We constantly look for ways to improve our website to make it even easier for investors to find and compare investment companies. The new ‘My portfolios’ function has been based on extensive user feedback. We hope it makes it easier for investors in investment companies to research, select and monitor their holdings.”
