IMA plans sector rejig

TWO GLOBAL SECTORS are FACing the AXE and an index-linked gilt sector is set to be created

The IMA is proposing to abolish the Global Equity & Bond and Global Equity Income sectors and plans to split the UK Gilt sector into two. The IMA's Performance Category Review Committee (PCRC) has conducted a review of the performance sector classifications, deciding that new sectors should be considered when there are 10-20 funds of a sufficiently distinct character to comprise a separate sector. Conversely, when a sector falls below 10 funds, abolition will be considered, according to Dorian Carrell, head of statistics at the IMA. The Global Equity & Bond sector has only nine funds, i...