The Investment Association (IA) is creating eight new sectors from its Global and Specialist sectors to reflect the evolving retail fund market.
With a combined total of nearly 800 funds, the Global and Specialist sectors are among the largest within the IA's classification scheme. In April, more than 530 exchange traded funds were introduced to IA's sectors, with the Global and Specialist sectors taking 71 and 79 of these products, respectively. This is the second time this year that the IA has announced a sweeping change to its sectors. Last month the trade body announced it was splitting its Global Bond sector into 14 new segments to make comparisons simpler for investors. The newly created sectors are split into three - Re...
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