The Investment Association (IA) has proposed splitting its Global and Specialist sectors, after its move to include physical exchange traded funds (ETF) in the universe yielded more submissions than expected.
The industry body has proposed eight new sectors be added: Latin America; India; Global Smaller Companies; Financials; Healthcare; Infrastructure; Commodity/Natural Resources; Gold and Precious Metals. The new sectors are expected to be introduced from Q2 2021, according to a consultation on the proposals launched with the closing date for submissions on 11 December. BofA tells investors to 'sell the vaccine' as fund managers turn bullish It said the move came after it received a "far higher" number of submissions from ETF providers, which meant "some sectors [were] set to expand s...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
