The Investment Association (IA) is to divide its Property category into separate UK Direct Property and Property Other sectors from 1 September 2018, following a consultation with members and the Association of Real Estate Funds.
According to a report by Professional Adviser's sister title Investment Week, the IA's Sectors Committee made the decision to split the 62-strong sector, which has attracted criticism in the past, in the hope of making comparisons easier for investors. Galina Dimitrova, director of investment and capital markets at the IA, explained: "The creation of a UK Direct Property sector will make it easier for savers and their advisers to find information on funds investing in bricks and mortar assets based in the UK and make like for like comparisons on this asset type." Specifically, the new...
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