IA Consults On ETF Inclusion In Fund Sectors
In recognition of the growing number of exchange traded funds (ETFs), The Investment Association (IA) has today opened a consultation on their proposed inclusion in the IA fund sectors.
Last week we launched a consultation on the inclusion of exchange traded funds (ETFs) in the IA sectors, and encourage member feedback by 1st Feb 2019.
— The Investment Association (@InvAssoc) December 3, 2018
The IA’s 37 fund sectors enable savers and their advisers to easily compare open ended funds by dividing them into groups of similar funds based on factors such as asset class, investment strategy and geographical region.
Under the IA’s proposal, over 200 ETFs would be eligible to apply to be included within the existing sectors. Consistent with the current approach, only ETFs that are either UK domiciled, or are EU UCITs with HMRC reporting fund status would be included.
Commenting on the decision to launch the consultation, Galina Dimitrova, Director of Investment and Capital Markets at the IA said:
“We are continually monitoring the fund market to ensure that the IA sectors reflect the wide range of products the asset management industry has to offer savers. The primary purpose of the IA sectors is to serve the needs of consumers and their advisers and the addition of ETFs must be done in their best interests.”
The consultation will close on 1 February 2019 and respondents are invited to comment on the potential benefits and drawbacks of including ETFs in the IA sectors, as well as the best means for their inclusion.
The strategies are the second launch of Northern Trust Asset Management’s ETF offerings in Europe.
With Thejas Nalval, Co-Founder and Chief Investment Officer, Parataxis Capital
Corporate Sustainability Reporting Directive elevates sustainability information to same level as financial.
Essentia analyses data to create behavorial “nudges” for fund managers' investment decisions.
With Adam Conn, Head of Trading, Baillie Gifford