Blog: IMA's Saunders hits back at critics on Managed sectors

A modest proposal from the IMA last week attracted a certain amount of comment over the weekend. Okay, a torrent of criticism. The issue is the names of our "managed", or mixed asset, fund sectors. Most of our sectors are confined to a single asset class, and naming is straightforward. In contrast, managed funds aim to deliver an optimal return for the risk that is being run through a judicious mix of equities, bonds and cash, which is adjusted as market conditions change. There are three such sectors - "active managed", "balanced managed" and "cautious managed". These names have b...