The Investment Association (IA) has launched a consultation into the future of its Global Bonds sector, with the view to dividing it into ten new, more targeted sectors.
The consultation forms part of the IA's wider work to accommodate exchange-traded funds (ETFs) into its sectors which were given the green light to join last year. Currently, the Global Bonds sector consists of 193 funds, but the addition of ETFs would see the number of products in the sector increase by 50%. As a result, the IA is proposing to split this into ten new sectors (see below for list and definitions), which would allow savers and advisers to better compare global bond funds based on the type of bond, credit type and currency focus. Jonathan Lipkin, director for policy, ...
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