IMA

Asset flows in the Absolute Return sector hold firm despite period of lacklustre performance and high correlation between asset classes

The Investment Management Association has moved back the date it will implement changes to the Managed sectors by three months after calls from members for more time to discuss proposals.

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

Industry proposes changes to ‘onerous' US tax regime due to come into force in 2013, amid fears over 30% charge for breach of rules

The FSA will be able to authorise tax-transparent funds by the summer of 2012 after the government moved to introduce the products through secondary legislation.

The Investment Management Association (IMA) has called for an independent review into the collapse of Keydata and other investment firms and said the scale of recent failures has not been seen since the Barlow Clowes scandal of the 1980s.

The fund management industry is doing its best to dig the IMA out of the rather embarrassing hole it constructed for itself with its alphabet approach to the Managed sectors. At last, common sense is in danger of breaking out.

Fidelity has proposed new names for the IMA Managed sectors based around their total exposure to 'risk assets' not just equities.

Net retail sales of funds dropped by £100m year on year in April, the Investment Management Association (IMA) has revealed.

Ian Sayers, director general of the AIC, has suggested trusts be integrated into the Investment Management Associates' (IMA) open-ended investment company sectors.