IMA Managed sector overhaul - the verdict

IMA's new definitions for Managed sectors are met with cautious approval, although some fund groups say more clarification is needed

After years of industry criticism the IMA has finally decided on the future of the Managed sectors, which house funds totalling £90bn in AUM. Investment Week revealed last week the Cautious, Balanced and Active Managed sectors will be renamed on 1 January 2012 and split into four groupings, aligning them with the ABI sectors (see table on next page). Although not included as part of the headline definition, the IMA has also said it will collect monthly risk data on each fund which will be available on the IMA’s new consumer website. The initial reaction from the industry has been...