IA creates eight new sectors to cater for influx of ETFs

Changes affect 150 funds in the Global and Specialist sectors

clock • 1 min read

The Investment Association (IA) is creating eight new sectors from its Global and Specialist sectors to reflect the evolving retail fund market.

With a combined total of nearly 800 funds, the Global and Specialist sectors are among the largest within the IA's classification scheme. In April, more than 530 exchange traded funds were introduced to IA's sectors, with the Global and Specialist sectors taking 71 and 79 of these products, respectively. This is the second time this year that the IA has announced a sweeping change to its sectors. Last month the trade body announced it was splitting its Global Bond sector into 14 new segments to make comparisons simpler for investors. The newly created sectors are split into three - Re...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read