The Investment Association (IA) is creating eight new sectors from its Global and Specialist sectors to reflect the evolving retail fund market.
With a combined total of nearly 800 funds, the Global and Specialist sectors are among the largest within the IA's classification scheme. In April, more than 530 exchange traded funds were introduced to IA's sectors, with the Global and Specialist sectors taking 71 and 79 of these products, respectively. This is the second time this year that the IA has announced a sweeping change to its sectors. Last month the trade body announced it was splitting its Global Bond sector into 14 new segments to make comparisons simpler for investors. The newly created sectors are split into three - Re...
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
