The Investment Association (IA) has delayed the inclusion of exchange-traded funds (ETFs) into its fund sectors, which had been scheduled to take place in the first quarter of this year, Investment Week has learned.
In May 2019 the IA confirmed its plans to allow investors to compare ETFs against the then- 3,500 funds sitting in 37 sectors. The move was broadly welcomed across the industry and the IA has so far received more than 500 applications from ETF providers to include products its sectors, Investment Week understands. The initial announcement noted that approximately 200 products were eligible to apply. Investment Week also understands there are concerns that the influx of ETFs may alter the profile of a number of sectors significantly, and the IA is now consulting with external stake h...
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