The Investment Management Association (IMA) is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.
A number of groups have told Investment Week they are considering their positions on the charges, which come as part of the IMA’s new ‘sector membership’ agreements for firms which do not hold full membership. In September last year, the IMA announced sector membership would come into force on 1 January 2012, meaning non-members would no longer be able to have their funds listed in IMA sectors free of charge. The trade body has now begun issuing letters to relevant groups detailing the breakdown of the charges, although it has not set a deadline for payment. “The charges are not in...
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