The new IMA Strategic Bond sector is a positive step forward, but investors need be careful to differentiate between the varying mandates of listed funds, according to F&C's Fatima Luis.
Following last month's revamp, Luis has seen both of her Extra Income and Strategic Bond funds moved into the new sector, which she sees as a step towards closing the gap on categories which were previously too broad in range. "The previous bond fund sectors encompassed too many different types of portfolios within the same sectors which made like for like comparisons difficult for potential investors," she said. "In particular, we welcome the introduction of a new IMA Strategic Bond classification which confirms the growing importance of bond products with flexible mandates to shift ...
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