F&C's Luis stresses importance of advice in new IMA bond sector

Following last month's revamp, Luis has seen both of her Extra Income and Strategic Bond funds moved into the new sector, which she sees as a step towards closing the gap on categories which were previously too broad in range. "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," she said. "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 ...