The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.
As revealed by Investment Week, the Managed D sector will be the subject of a separate consultation and will sit below the existing Cautious Managed sector in the risk/reward hierarchy. The IMA said the new sector names have been chosen in order to highlight that the funds are in some way ‘managed’ – meaning the manager has a degree of discretion in asset allocation that is not present in all sectors. The third anniversary review of the Absolute Return sector will begin immediately and will be conducted alongside consultation on the fourth Managed sector. Jane Lowe, director of mar...
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