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On the potential addition of a mid-cap sector, a spokesperson for the IA commented:
“We are continually monitoring the fund market to ensure that all of the IA sectors reflect the wide range of products the asset management industry has to offer savers around the world.
“The primary purpose of the IA sectors is to serve the needs of consumers and their advisers, and any change to how they are classified must be done in their best interests.”
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Funds include biotech, global, US, multi asset and UK mandates
