Global Growth sector investments on the up

The number of products launching into the IMA's Global Growth sector has gradually risen with 42 new ...

The number of products launching into the IMA’s Global Growth sector has gradually risen with 42 new entrants, many of them fund of fund vehicles, launched over the past five years, according to data from Standard & Poor’s.There are now 153 funds in the peer group with the traditionally more popular Balanced Managed sector numbering just 113 funds. Among the list are 23 multi-manager funds from boutique and larger asset management groups. Mark Dampier of advisers Hargreaves Lansdown suggested that the growth in the number of funds is not down to the popularity of the sector as a whole but ...