iimia funds reclassified

Daniel Lockyer’s £20.47m Income fund has shifted from the IMA Active Managed to the Cautious Managed sector, where it is in the top decile. Richard Scott’s £56.56m fund has also made a departure from the Active Managed to join the Balanced Managed sector. Nick Greenwood’s Growth fund, iimia’s other multi-manager portfolio, will remain in the Active Managed sector. The move comes as the funds celebrate their second birthdays. They were launched in January 2005 to take advantage of UCITS III legislation which allows fund of funds unrestricted access to invest in both closed and open ...