The IA Global sector is home to an eclectic mix of funds, but they all have one common focus, says Alex Farlow - providing investors with regional equity diversification for their portfolios
As at the end of July 2019 the sector consists of 330 funds, of which only 18 are passive. The sector is the second largest, behind the UK All Companies sector, in terms of assets under management, controlling a total of £128.7bn. To qualify for admission into this sector, a fund must hold no more than a 20% allocation to UK equities. Equity-focused funds with greater than a 20% UK exposure would generally fall into the IA Flexible Investment sector. The majority of the funds within the Global sector use the MSCI World as their benchmark, which only includes developed market equities - ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
