Alex Farlow: Getting defensive

The Investment Association (IA) Mixed Investment 0-35% Shares sector was introduced in January 2012 - part of an IA and Association of British Insurers (ABI) harmonisation exercise, where sectors and their definitions between both organisations were brought into line. The rationale for this was to improve outcomes for consumers while also improving clarity and consistency across both sets of sectors. Interestingly, the ABI already had a separate and established category for lower-risk multi-asset funds, which was historically known as the Defensive Managed sector. Hear from Square Mil...