IMA

The IMA and its Performance Category Review Committee have confirmed they will create a new property sector covering all property investments including direct funds and securities.

No IMA sector was able to generate an average positive return in September, with a flat result for the Money Market category providing the only respite from last month's stock turmoil.

Net retail sales in UK domiciled funds plunged to a £21m outflow in September, more than £900m down on the inflow recorded the corresponding month last year.

The obvious place to begin this blog is with the collapse of Lehman Brothers. Leaving aside the wider ramifications - I am not in a position to discuss those - the fall of Lehmans has done two things.

The Reduction in Yield (RIY) disclosure requirement for authorised funds is 'innacurate and misleading' and should be scrapped, the IMA says.

The IMA has called on the Government to raise the yearly ISA limit to £9,600 - among a number of measures it hopes will boost the UK's investment industry.

UK domiciled retail fund net sales rebounded to a £90m inflow in August after the previous month's sharp investor exodus, the latest IMA figures show.

IMA chairman Robert Jenkins has reignited the trade body's attack against structured products, questioning whether regulators are "asleep" on tackling the industry.

Some fund managers at IMA member firms are invested entirely in structured products despite criticism of the investments from its chief executive Richard Saunders this week.

Investors are confident enough to stick with existing investments as they ‘ride out' the current financial storm, the Investment Management Association (IMA) says.