The UK’s Investment Association has launched a volatility-managed fund sector that will group the growing number of outcome-focused products available to investors.
The new sector for products which manage returns within specified volatility parameters contains, at launch, 83 funds with combined assets under management of £19.3 billion (€22.5 billion).
The sector includes products from Allianz, Aviva, BlackRock, Cornelian, Henderson, Invesco, Legal & General, Rathbones, Santander and SLI.
The association says it will conduct a review of disclosure levels in 12 months to decide whether to sub-categorise the new sector “in a way that better serves investors”.
Galina Dimitrova, director of the association’s capital markets department, said that the new sector had been launched “to 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.”
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