Funds apply for IA’s ‘outcome’ fund category

The Investment Association (IA) proposal that a separate category for outcome-focused funds be created has attracted many applicants, the trade body tells Funds Europe.

The IA proposed the category last month and the category will be called ‘volatility outcome’.

To qualify, the funds must have the “common characteristic of targeting an investor’s attitude to risk set out in terms of volatility” and is in response to the growth in outcome-oriented products.

A spokesperson for the IA said there are around 120 funds that could be eligible for the Volatility Managed sector and said members will self-elect funds for the IA to review. A full list will be launched in November.

The spokesperson explained that the launch of the Volatility Managed sector will accommodate the largest group of funds in the IA’s Unclassified sector.

“This is the first step in the IA’s work to reflect the market’s drive towards outcome-focused products. Further work on the sector may take place once the population of funds is identified,” said the IA.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST