UK investors to be hit by tax despite UK opt-out
UK investors purchasing securities in countries that have signed up to the financial transaction tax (FTT) will be subject to the charge, despite the UK not having signed up.
Ima
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record FUM for fof tracker and ethical
Assets under management of funds of funds, tracker funds and ethical funds reached record levels in 2012, despite a decline in net retail sales across the board, data from the Investment Management Association (IMA) revealed.
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Non-core markets outperform core in Q4 2012
Contrary to their volatile reputation, non-core markets were the most consistent top performers in each of the past three years, F&C FundWatch data reveals.
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long-awaited final fatca regulations released
The US Treasury and Internal Revenue Service last night issued the final regulations detailing how the Foreign Account Tax Compliance Act is to be implemented, ending weeks of speculation.
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investors stick with equities flee corporate bonds
Equities were the bestselling asset class among fund investors for a third month, according to the Investment Management Association (IMA).
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have you heard the one about abs ret
Its review conclusion has been pushed back until Q1 next year. Like most jokes at Christmastime this one is not funny. Neither is it a joke, not in the humorous sense anyway.
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absolute return delay an absolute farce
The IMA’s decision to push back the deadline for the results of its Absolute Return sector review has been slammed as “an absolute farce” by the True and Fair Campaign.
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reputation and regulation main IMA concerns
Daniel Godfrey is prioritising reputation and regulation as he starts his new role at the IMA and the asset management industry moves into the new year.
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ima blasts fsas proposals on absolute return
The IMA has expressed concerns about the FSA’s plans to include risk-related information in certain funds' literature, arguing it would not cover all relevant investment products available in the UK.
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equity funds outsell bonds for second month
Sales of equity funds have outstripped bond portfolios for the second month running as investors showed more willing to put risk on the table, the latest IMA figures show.
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ima responds to conflicts of interest worries
The Investment Management Association (IMA) is not looking to develop a “one-size-fits-all” approach to solve the FSA’s concerns about potential conflicts of interest, its incoming chief executive says.
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Ex trust man Godfreys leap of faith
Eyebrows were raised when ex-AIC director general Daniel Godfrey was announced as the next IMA chief, but his call for financial services to rebuild a breakdown of trust with investors unites both the open- and closed-ended worlds.
