The Investment Association (IA) has given the green light for exchange traded funds (ETFs) to join the IA sectors.
BREAKING: we've just announced that ETFs will now be joining the IA sectors from the first quarter of 2020. https://t.co/VkG7OZQGsl
— The Investment Association (@InvAssoc) May 23, 2019
Savers and their advisers will be able to compare ETFs against the 3,500 funds already in the IA’s 37 fund sectors from the first quarter of next year.
The ETFs will be placed within the existing IA sectors, which enable comparison between open ended funds by dividing them into groups of similar funds based on factors such as asset class, investment strategy and geographical region.
With over 200 ETFs eligible to apply, the IA is now inviting formal applications from ETF providers for their funds to be classified into the sectors. Consistent with the current approach, only ETFs that are either UK domiciled, or are EU UCITs with HMRC reporting fund status will be included.
Commenting on the inclusion of ETFs in the sectors, Galina Dimitrova, Director of Investment and Capital Markets at the Investment Association said:
“We want to ensure that the IA sectors reflect the full range of products the asset management industry has to offer savers around the world. ETFs are a growing part of this market and their inclusion in the sectors will enable consumers to compare across a wider variety of products.”
Source: IA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
New FCA rules are meant to increase competition and lower barriers to entry.
-
DreamQuark provides enhanced advising, strengthened compliance, and smart document retrieval.
-
In partnership with Galaxy Digital Holdings, the ETCs give investors access to bitcoin and ethereum.
-
The deal comes as exchange-traded products are making an impact on the global digital asset ecosystem.
-
John McCareins talks about his newly created role as head of international at NTAM which he took on in 2023.