IA readies 'long-term asset fund' proposals - reports
To tackle liquidity issues
The IA believes current fund structures are not suitable for retail investor access to illiquid unquoted assets
The Investment Association (IA) is set to unveil proposals for a new type of fund, which would seek to avert liquidity crises such as the one engulfing the Woodford Equity Income fund.
New rules and guidelines for so-called "long-term asset funds" have been in development by an IA working group over the past year, the details of which are set to be outlined at the trade body's conference...
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