The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new global emerging market (GEM) bond category.
The new sector is for funds which invest at least 80% of their assets in emerging market bonds, as defined by a recognised Global Emerging Market Bond index. Funds which qualify for the new peer group must also be diversified by geographic region. The IMA Global Emerging Markets Bond sector will go live on 31 December this year, alongside a number of other changes to the fixed income categories following the review. The £ High Yield Bond sector will require at least 80% investment in sterling high yield bonds to qualify for entry. Previously, fund managers would also need to have a...
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