IMA GEM Bond sector goes live with 25 funds

The Investment Management Association has moved 25 funds into the newly launched Global Emerging Markets Bond sector, which went live on 31 December.

The decision to launch the new sector resulted from a review of the IMA fixed income sectors, which completed in August. The GEM Bond category has been created for funds that invest at least 80% of their assets in emerging market bonds, as defined by a recognised Global Emerging Markets Bond index. Jonathan Lipkin (pictured), director of public policy, said: "During a review of the IMA Fixed Income sectors, we recognised that there were enough funds within the Global Bonds sector to establish a new bond sector for funds that invest primarily in emerging markets. "While emerging mar...