IA launches £19.3 Billion volatility managed sector
The Investment Association (IA) has today launched its new Volatility Managed sector in response to the growing number of outcome focused products available to investors.
The new sector, which contains products with the objective of managing returns within specified volatility parameters, comprises 83 funds with a combined assets under management of £19.3 billion.
To ensure that the sector continues to work in the best interests of consumers and their advisers, the IA Sectors Committee will be conducting a 12-month review looking at disclosure levels and whether it is possible to develop or sub categorise the sector in a way that better serves investors.
A full list of funds in the Volatility Managed sector can be viewed here.
Galina Dimitrova, Director, Capital Markets, said:
"The launch of the Volatility Managed sector is the latest step by the industry to ensure that the IA Sectors continue to evolve alongside market changes and appropriately reflect the advent of more outcome focused products available to investors.
"We will continue to monitor the sector definitions across the board to ensure that they work in the best interests of consumers and their advisers and appropriately reflect the wide range of funds the industry has to offer."
