IFAs can compare MM funds after OBSR site revamp

The firm previously offered the service for a fee but has now made it available at no cost to all intermediaries. It says the service uses a new set of standard categories developed in conjunction with the fund managers themselves. It says this qualitative categorisation, based on whether asset allocation is fixed or active and whether the return bias is relative, absolute or target, “creates an appropriate basis for comparison”. “The proliferation of multi-manager funds means that a tool which enables like-for-like comparison is long overdue,” says Nigel Whittingham, development directo...