IA scraps plans for UK mid-cap sector after industry feedback
14 funds would have be affected
The Investment Association (IA) will not push ahead with plans to launch a UK mid-cap sector, explaining it was not "viable" after feedback from fund groups, Professional Adviser's sister title Investment Week has revealed.
The industry body had previously written to members seeking feedback on the potential launch of a UK mid-cap sector, which would have included 14 UK equity funds at the outset. In a letter to members,...
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