IMA to consider more sectors

The IMA is to look at dividing up the 309 fund strong UK All Companies peer group into a number of sectors. Dorian Carrell, head of statistics at the IMA, said if the FSA finds at its annual sector review this autumn there are any clusters of funds that would separate out easily and logically into sectors of their own, it will take them out of All Companies. Simon Ellis, chairman of the investment funds committee at the IMA since May, noted the difficulty is working out the correct sector classifications, such as whether it should be by market cap or investment style. Ellis, also head...