The Investment Management Association (IMA) is struggling to find a "perfect" solution to calculating fund performance following the shift to clean pricing, and may have to devise a completely new approach.
The trade body last year held back from releasing new recommendations about how it would calculate fund and IMA sector average returns, stating it wanted to wait for the release of clean and super clean...
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions