A total of £1.28 billion was raised in October through secondary fundraisings by investment companies, marking an all-time record for the investment company industry.

Fundraisings by existing investment companies reached £1.28b in October 2019, the highest level of secondary fundraising ever seen in a single calendar month according to new data from the Association of Investment Companies (AIC). The second-highest month for fundraising by existing investment companies was in June this year (£1.18b).