The Investment Management Association (IMA) is understood to be looking at a range of sectors for the increasing number of risk-targeted funds which are choosing to remain unclassified.
Sources told Professional Adviser's sister title Investment Week a group of fund providers have spent three years lobbying for new sectors for the increasing number of risk-targeted funds. Multiple risk-targeted portfolios have been launched in recent years in response to investor demand, and many have seen strong inflows. For example, Standard Life's MyFolio range, run by Bambos Hambi, has attracted £4.8bn over the past four years. However, since risk-targeted funds have no comparable mandates in the existing IMA sectors, their rise has coincided with a huge jump in the number of unc...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes