AIC Limited

AIC Limited commenced operations in 1985 as Total Finance [Francis (Diane), "Who owns Canada Now"] . 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 numbers. As of October 2006, Jonathan Wellum has been the Chief Executive Officer.

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 and 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 holdings them for the long term.

AIC also has a series of Closed ended fund under the Copernican Capital banner.

ee also

* List of mutual fund companies in Canada

References

External links

* [http://www.aic.com Official site]
* [http://www.upvest.com Official upvest site]
* [http://www.CopernicanCapital.com Closed ended funds site]
* [http://www.jamaica-gleaner.com/gleaner/20061008/business/business2.html Lee Chin to focus on developing AIC as international company] - October 8, 2006 (Jamaica Gleaner Newspaper)