The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new GEM Bond category.
The new sector is for funds which invest at least 80% of their assets in emerging market bonds, as defined by a recognised Global Emerging Market Bond index. Funds which qualify for the new peer group must also be diversified by geographic region. The IMA Global Emerging Markets Bond sector will go live on 31 December this year, alongside a number of other changes to the fixed income categories following the review. The £ High Yield Bond sector will require at least 80% investment in sterling high yield bonds to qualify for entry. Previously, fund managers would also need to have a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
