IMA

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

Tracker funds reported their highest ever net retail sales in Q1, although inflows into ethical products were below recent levels, according to IMA figures.

Artemis UK Growth fund manager has boosted performance with overseas earnings strategy but is beginning to look at UK-centric stocks

IMA's broad definition of Balanced Managed sector makes for widely varied performance, fuelling criticism of peer group

Institutional investors drive growing popularity of diverse IMA Global sector as peer group sees raft of fund launches

GLOBAL EQUITY INCOME

A focus on companies with overseas earnings, and those that are delivering results now has secured a top spot for the MFM Slater Recovery fund since 2008.

The North American sector saw its highest ever inflows in February as UK retail investors piled into overseas equities, according to the IMA.

The IMA has distanced itself from earlier proposals to launch a judicial review into the funding of the FSCS, as it looks at "other options" to tackle the levy on behalf of its members.

Global was the best-selling IMA sector in January - a month which saw net retail sales fall from recent highs to reach a 12-month low.