The IMA Performance Category Review Committee (PCRC) is looking at the way charges are taken off cap...
The IMA Performance Category Review Committee (PCRC) is looking at the way charges are taken off capital and income in the UK Equity Income sector. The committee is in early discussions as to how it can clarify the presentation of the charges, as some 85% of groups are now offsetting fees to capital, rather than income, on their UK equity income funds as the marketing battlefield shifts from total return to yield. After a 12-month period that has seen the UK equity income sector post growth of -23.7% after charges, yield is increasingly viewed as a key differentiating selling point. ...
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