IMA seeks IFA opinion on sectors shake-up

Focus groups will be carried out throughout the end of 2010 but IMA director of markets Jane Lowe and IFAs have warned Professional Adviser there are no clear-cut solutions. “A lot of people want to see the Absolute Return sector cut down but nobody agrees on how,” according to Lowe. She said some people want the sector divided into sub-sectors by asset class but there are also arguments for it to be broken into geographical regions or split between market directional and market neutral funds. Meanwhile, changes to the Cautious Managed sector, which allows fund managers to have bet...