Thames River survey reveals increase in IMA sectors achieving positive returns

Research from Thames River has found that 33 out of 36 Investment Management Association sectors achieved positive returns in the third quarter of 2012.

The figure is a complete contrast to the second quarter of 2012 when only eight sectors produced a positive return.

Focusing on the retail funds space, FundWatch found that the IMA Europe ex-UK sector was the best performer in in the third quarter of 2012, gaining 9.3 percent. This was closely followed by the IMA UK smaller companies, which rose by 8.4 percent.

Rob Burdett, co-head of Thames River multi-capital says: “The increase in the number of IMA sectors that made positive returns for the quarter is a positive sign for markets as well as investors, with decent returns over the year so far now showing through.”

“The performance of the equity sectors is of particular note, given the recent data released from the IMA, which highlighted investor preference for equity based products over fixed income for the first time in a year. Surprisingly, our research found the relatively new IMA mixed investment 0–35 percent. Shares only just managed to beat the absolute return sector in a strong quarter for markets, with a rise of 2.7 percent.” adds Burdett.

The FundWatch survey also found that in the second quarter of 2012 there were 21 new fund launches, an increase on the 18 launches seen in the previous quarter.