New Labels On the Risk of Funds Will 'Cause More Confusion'
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Summary
MAJOR investment house Fidelity says new proposals aimed at helping investors to understand better what they are buying will make matters worse.
The Investment Management Association, the trade body for unit trusts and open-ended investment companies, has reclassified managed funds that invest in a mix of equities, fixed interest and cash. These funds are categorised in performance tables according to whether they are considered to be managed 'actively', in a 'balanced' way or 'cautiously'.See the full content of this document
Extract
New Labels On the Risk of Funds Will 'Cause More Confusion'
But the IMA says these groupings c...
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