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 invest...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
