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IMA extends performance timeframe in absolute return overhaul
by Emma Dunkley on Feb 27, 2013 at 11:41
‘We will also keep a close eye on performance and, should it become necessary, set performance criteria, which could lead to a fund’s expulsion from the sector on performance grounds. The monitoring we have announced today will be an important tool in this regard.
He added: ‘Whilst the sector classifications help consumers to make informed decisions, it’s important to note that investment choices should not be based solely on this information. Investors should ensure they fully understand what a fund sets out to do and seek financial advice if necessary.’
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