Blue Sky hits back at IMA over structured product criticism

Structured fund group has Blue Sky has punched back at the IMA, which earlier this week issued a stat...

Structured fund group has Blue Sky has punched back at the IMA, which earlier this week issued a statement criticising the products. It has said the criticism misses the point because they oversimplify the point, in part because it focuses purely on products from one group, NS&I. And it points out that fund managers at IMA member firms themselves are increasingly investing in structured products within their mandates. Blue Sky chief executive Chris Taylor said the association has missed the ‘broad point’. “It is interesting to see the IMA make these comments, but we do unfortunately ...