Rathbones and Fidelity suggest alternatives to Managed sector labels

Leading fund groups suggest a focus on risk assets in Managed sectors after IMA review causes furore.

Rathbones and Fidelity are suggesting a focus on risk assessment to categorise funds in the Managed sectors as an alternative to the IMA’s alphabetical labels which were criticised by the industry. The groups agree by focusing on ‘risk assets’, advisers and their clients will get a clearer idea of what they are investing in, and portfolio managers will have greater flexibility in running the funds. There suggestions come as the IMA today moved to push back the deadline to decide the fate of the Managed sectors until October when it was introduce as yet undecided changes. Rathbones ...