Comparatively speaking: IA Global Bond sector is split into 14 groups

Industry needs tools to compare like with like

Last week, the Investment Association launched its newly divided bond sectors, which were borne of the previously 210-strong IA Global Bonds sector.

The 14 new groupings, which now categorise each fund based on region, credit type and currency, were warmly received by the industry as a whole, with fund analyst at FE Investments John McTaggart telling Investment Week the move marked a "positive step forward" and "a more useful starting point" for fund selectors. Research director at Chelsea Financial Services Juliet Schooling Latter agreed, adding that "all people ever really want - be they retail investors, advisers or professional buyers - is the chance to compare funds that are doing similar things". As such, it would be natural...