The IMA's new Strategic Bond sector is a step in the right direction but it will not replace the need for financial advice, warns F&C bond manager Fatima Luis.
The firm has moved Luis' F&C Extra Income and Strategic Bond funds to the new sector which launched today with 65 funds. Luis welcomed the new sector: “The previous bond fund sectors encompassed too many different types of portfolios within the same sectors which made like-for-like comparisons difficult for potential investors." “In particular, we welcome the introduction of a new IMA Strategic Bond classification which confirms the growing importance of bond products with flexible mandates to shift across the credit spectrum in an ever-changing market." However, she emphasises investors...
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