Last week, the Investment Association launched its newly divided bond sectors, which were borne of the previously 210-strong IA Global Bonds sector.
The 14 new groupings, which now categorise each fund based on region, credit type and currency, were warmly received by the industry as a whole, with fund analyst at FE Investments John McTaggart telling Investment Week the move marked a "positive step forward" and "a more useful starting point" for fund selectors. Research director at Chelsea Financial Services Juliet Schooling Latter agreed, adding that "all people ever really want - be they retail investors, advisers or professional buyers - is the chance to compare funds that are doing similar things". As such, it would be natural...
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