IMA mulls Absolute Return sub-sectors

The IMA's sector review focuses on fund sectors where the manager has wider investment discretion, such as the Absolute Return category. Nicola Kembey, head of sectors at the IMA, says: "The Absolute Return sector forms part of the IMA's wider sector review. "The review is considering in particular the implications of the growing use of Ucits III investment powers, and of outcome-based investment strategies and how the IMA sector classification scheme deals with these." She adds: "Also the IMA has scheduled a third anniversary review of the Absolute Return sector for April 2011, wh...