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FE supports IMA’s move to bring managed sectors into line with ABI classifications


FE, the investment data, analysis and software provider, supports the decision by the Investment Management Association (IMA) and Association of British Insurers (ABI) to harmonise their names and definitions for the managed sectors.

Across both organisations, the managed or mixed investment sectors will be named: Mixed Investment 0-35% Shares; Mixed Investment 20-60% Shares; Mixed Investment 40-85% Shares; and Flexible Investment.  The last three categories correspond to the IMA’s old Cautious, Balanced and Active Managed sectors.  The new sector names match the ABI’s previous definitions except Flexible Investment, which the ABI used to describe as Mixed Investment 60-100% Shares.
Rob Gleeson (pictured), Investment Product Consultant at FE, says: “We view this move by the IMA and ABI as a positive one for investors. It is our belief that an investor’s attitude to risk should be addressed in the portfolio as a whole; the previous sector names failed to recognise how individual mixed asset funds might be used in a wider asset allocation strategy, and were misleading in terms of suitability.  The changing sector names reflect this belief and the improved transparency will aid fund selection and portfolio construction.
“The harmonisation of names between the IMA and ABI is also welcomed as in the real world people use a variety of vehicles and product wrappers to manage their investments, and these should be looked at as a whole rather than in isolation.”

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