What are the risks of the Unclassified sector?

With more than 2,000 UK investment funds to choose from, the IMA sectors are a useful tool to help advisers compare vehicles with similar characteristics and decide the best solutions for their clients. When Rathbones Unit Trust Management launched its multi-asset portfolios to retail investors this summer, however, the group decided to shun the traditional sectors and opted to make its funds unclassified instead. The IMA recognises Unclassified funds and puts them in their own category, which is defined as: “Funds which do not want to be classified into other IMA sectors such as priv...