Clamour for sector reform overblown

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Rarely a month goes by without an article appearing somewhere in the trade press bemoaning the appar...

Rarely a month goes by without an article appearing somewhere in the trade press bemoaning the apparent chaos caused by the IMA's sector definitions. The issues tend to centre on the Other Bond and Specialist peer groups, which are admittedly so diverse that they offer no real basis for any like-for-like comparison. UK All Companies also comes in for frequent criticism, with the 300 fund sector including such a mix of products that it is all but useless as a peer group. If mid caps outperform for example, as they have done in recent years, you tend to find those funds clustering at the t...

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