Autif plans to reshuffle small cap funds

Autif is to move all small cap funds investing outside the UK into one of three sectors, North American, Japanese or European, writes Kira Nickerson. At the moment small cap funds are in specialist sectors. Funds which remain in these after the small cap portfolios are stripped out will be merged into a single sector to be called Specialist. The UK small cap sector will be left unchanged. The alterations to the sector categories are the result of a six month review of fund sector classification by the Performance Category Review Committee. This consists of representation from fund managem...