Sector clarification

Henry Maxey, Investment Manager Sir, Your article on page 3 of 26 August's Investment Week: Ruffer Income fails to meet IMA minimum, is incomplete since it fails to acknowledge the fund has now been reclassified. Its brief appearance in 'UK equity income' is easily explained as follows: the fund was reclassified when the IMA scrapped the 'global equity & bond' sector, the mistake was picked up and, in consultation with the IMA on 8 August, it was decided the fund should be placed in the 'cautious managed' sector. This information would have been freely available if your reporter had...