Association of Investment Trust Companies , 1969-2006 Association of Investment Trusts , 1932-1969 Association of Investment Companies , 2006-

The Association of Investment Trust Companies was formed in 1932 as the Association of Investment Trusts (the name changed in 1969, changing again in 2006 to the Association of Investment Companies). Investment trust companies have been in existence since 1868, companies formed for the purpose of holding investments. They do not trade in investments. The money raised by the issue of shares is invested and the greater part of the income is distributed as dividends and interest on its own capital. The Association was formed to represent the interest of these companies, and to provide information on the composition and performance of investment trusts. It was run by a general Committee, which met every second month, normally five times annually in London and once in Scotland. Special committees were appointed to consider the various matters dealt with by the Association. The Association was based at 62a Lombard Street (1932-4), Pinners Hall, Austin Friars (1934-6), Kent House, Telegraph Street (1936-57), 7 Angel Court (1957-75), Park House, 16 Finsbury Circus (1975-ca.2000), 8-13 Chiswell Street (ca.2000-5) and 24 Chiswell Street (from 2005).