The Investment Management Association (IMA) has decided not to make any changes to the Absolute Return sector as part of its annual review.
The IMA says it had considered sub-categorising the sector ahead of its second anniversary, but says that it was not sufficiently large or mature enough to do so.
The IMA Absolute Return sector was created in April 2008. It currently has 48 funds with a total of £13.6 billion of assets under management. (article continues below)
Jane Lowe, the director of markets at the IMA, says: “The IMA is currently undertaking a wider review of its sectors which will give a further opportunity to consider some of the issues relevant to the Absolute Return sector.
“Unlike many other IMA sectors it is based on an investment objective rather than by reference to the assets which comprise it.”