AIC Limited

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AIC Limited is a Canadian mutual fund company which commenced operations in 1985, as Total Finance.[1] AIC was purchased in 1987, by Michael Lee-Chin, Chairman, and has assets under management of just over $5.6 billion as of May 2008 IFIC[disambiguation needed] numbers. As of October 2006, Jonathan Wellum has been the Chief Executive Officer. AIC was acquired by Manulife in 2009.[1]

AIC is a firm specialized in the financial services sector and a strong believer in the use of leverage, they coined the term "upvest" to try to remove some of the stigma associated with the term leverage.

The firms motto is "Buy, Hold and Prosper", and reflects a belief in purchasing value stocks and holding them for the long term.

AIC also has a series of closed-end funds under the Copernican Capital banner.

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References[edit]

  1. ^ Francis (Diane), Who owns Canada Now

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