IMA

First State manager believes understanding assets is vital to performance in resources

Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.

Fund groups have warned the RDR will lead to increased volatility in fund flows and a greater share of assets going to a handful of the larger asset managers.

THE BIG QUESTION

Fund rationalisation is expected to continue in the near term after the number of closures and mergers last year climbed to its highest level since 2005.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

Currency exposure drives emerging market-focused portfolios to the top of IMA Global Bond Sector over one year

Neptune's Robin Geffen is maintaining a cautious stance within his £1.07bn Global Equity fund, fearing the "sustainability and breadth" of the recovery in the OECD economies.

RADAR ALERT

NORTH AMERICA ANALYSIS