IMA

Falling share prices are current news, but over the past two years the big issue for new investors is perhaps a different one: that of large falls in yields.

On the third anniversary of the collapse of Lehman Brothers and subsequent credit crisis, Investment Week looks at the best and worst performing funds and sectors over the last three years.

The Investment Management Association (IMA) has opened up its sectors to non-UK firms in a move which will give them full membership of the trade body and bring their funds into the mainstream sectors.

Net retail fund sales fell to their lowest level since October 2008 in July while equity funds saw net outflows for the first time in over two years.

Fund groups have applauded Morningstar's move to scrap its absolute return sector in favour of 18 different alternative investment categories, calling on the IMA to consider a similar move.

The UK government bond bull run is ‘overdone' and set to derail, with yields rising from their historic lows as investors struggle to find value in the space, managers say.

Cazenove's Paul Marriage said the short positions in his Absolute UK Dynamic fund have helped limit the effects of the August sell-off but warned September could be "similarly tough".

Sales of funds of funds reached record highs in the first half of 2011, the Investment Management Association (IMA) has said.

DOES A SHORTING BAN WORK?

This week's panel discusses the key themes currently affecting global emerging markets