IMA

Jose Cuervo of HSBC Global Asset Management runs the $3bn (£1.9bn) HSBC GIF Brazil Equity fund, a Luxembourg-based Sicav registered in the UK.

ON ASSET ALLOCATION

Net retail sales of commodity funds reached £208m in November, marking a new record high, according to the IMA.

Old Mutual has broadened the parameters of Stephen Snowden's £780m Corporate Bond fund, allowing the manager to move duration to zero to mitigate interest rate risk.

Four sector specific funds have taken the top performing slots in the newly-named IMA Global sector after moving across from the Specialist peer group.

Threadneedle has altered the investment policy of its £406m Strategic Bond fund to allow the use of derivatives for investment purposes.

European fund managers are increasingly finding value in non-euro countries. Joanna Faith reports.

The IMA Global Emerging Markets sector posted its largest monthly net retail inflow on record in October, as investors redeemed a significant amount from UK All Companies funds.

The Cautious Managed sector should be re-defined as its current label is misleading, according to Chelsea Financial Services' managing director Darius McDermott.

The IMA has created a new China/Greater China sector and redefined its Global Growth category.