Octopus Investment Management has become the latest fund management group to voice its concern over the IMA's plans to overhaul the Managed sectors. Chief investment officer and head of multi-manager Lothar Mentel explains why the IMA has missed a valuable opportunity.
News the Investment Management Association (IMA) is to rebrand three of its most popular investment sectors has been greeted with cynicism and incredulity by many in the industry. It has been hard to digest the news without thinking that, by focusing on changing their names rather than imposing any more concrete guidelines on the investments contained within, a valuable opportunity has been missed. The IMA began its industry-wide review back in autumn 2010, following an increased number of complaints from investors and financial advisers who believed funds classified within the Cautio...
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
