The Investment Association (IA) has given the green light for exchange-traded funds (ETFs) to join its investment sectors next year.
The move will allow investors to compared ETFs against the existing 3,500 open-ended funds sitting in the IA's 37 sectors starting in Q1 2020. Eligible ETFs will join the existing IA sectors, allowing a direct comparison between open-ended funds and exchange-traded products. With over 200 ETFs eligible to apply, the IA is now inviting formal applications from ETF providers for their funds to be classified into the relevant sectors. Applications must be submitted by 14 August. Consistent with the current approach, only ETFs that are either UK-domiciled, or are EU UCITs with HMRC rep...
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