IMA

The risks and benefits of investing in a sector without a mandate

The Global Bond sector reached its highest ever monthly sales figure in July, according to the IMA.

Cazenove has criticised the IMA for not bringing "vital clarity" for investors after the trade body decided against making changes to its Absolute Return sector for at least another 12 months.

Fund of funds recorded their highest ever quarterly net retail sales in Q2 at £2.3bn, according to the IMA.

Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.

The IMA has expressed concern structured products will face less scrutiny under the new regulatory system set up to replace the FSA.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

The IMA reverted back to a single UK Equity Income sector on 1 July.

Net retail fund sales fell below £1bn for the first time in 18 months in May as the Euro area crisis hit investor sentiment, IMA data shows.

Flick back through the archives of Professional Adviser and you will find numerous instances where the consolidation of the multi-manager market has been predicted.