UK Equity Income tops best-selling sectors and funds lists for May
UK Equity Income represented both the most-popular IMA sector and most-bought fund in May, according to Cofunds.
UK Equity Income represented both the most-popular IMA sector and most-bought fund in May, according to Cofunds.
The Investment Management Association (IMA) has rebranded as the Investment Association to echo its wider remit with the incorporation of a new division.
Investment management should sit at the heart of pensions delivery, argues the IMAs Jonathan Lipkin.
While it is easy to dismiss such a statement as hyperbole, digging through the numbers presented for the last decade, paints a rather interesting picture especially given the global financial crisis that exploded in the middle of it.
Latest IMA statistics revealed that tracker funds recorded net retail sales £532m, the highest level since IMA records began in January 1992.
The UK Investment Management Association (IMA) has criticised ESMA for suggesting that non-UCITS collective investment funds are more complex than UCITS funds in its “inappropriate” consultation on MiFID II.
The UK all companies sector has topped a study carried out to establish the most consistent investment performers of the past three years.
The IMA has said it intends to hold a conference to establish an alternative model countering the proposal set out by the European Securities and Markets Authority (ESMA) on restricting the use of dealing commissions to pay for investment research.
Looking at the figures, the Woodford Effect is somewhat obvious as investors placed their money behind a fund manager pulling out of the All Companies sector. But what do these high inflows mean for income investors?
Fresh IMA statistics revealed that the “Woodford Effect” contributed to the ultimate best-selling IMA sector in June, the UK Equity Income sector.
At the end of June, the IMA decided to shift five UK income funds into new sectors which more closely meet the criteria set out by the association.
Commercial property funds have achieved their highest monthly net retail sales for nearly five years, prompting concerns that investors may be being complacent about the inherent risks in the asset class.