The IMA has decided against including offshore FSA-recognised funds within its sector categorisation...
The IMA has decided against including offshore FSA-recognised funds within its sector categorisations. Some groups, such as Close Finsbury, have been pushing for the inclusion of regulator-recognised offshore funds into the onshore fund rankings, but the IMA's Performance Category Review Committee (PCRC) believes tax treatment, charging structures and investor compensation cover do not allow for meaningful comparison. An IMA spokesman said: 'Differences in investor compensation, permissible assets, valuation mechanisms (and their frequency), transparency (wrapper costs and what can be c...
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