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FSA adding fund data to comparative tables

The FSA is to expand its comparative tables to include unit trusts and Oeics in February but has ruled out the inclusion of investment trusts before October 2002.

The upgraded website is also set to include a new ethical fund filter, which will allow investors to filter out non-ethical funds in the UK all companies sector. But the FSA says it is wary of the varying definitions of ethical funds and will include a disclaimer to highlight that “different people have different principles and not all ethical funds will have the same objectives”.

The new tables will include funds from six Autif sectors – UK all companies, Europe excluding UK, balanced managed, UK other bond, UK corporate bond and global growth – which account for more than two-thirds of retail sales.

The FSA says it is working on ways to incorporate growing income funds – such as equity income funds – into the tables and will monitor monthly retail Isa sales to ensure the most popular sectors are always included on the site.

A five-year time period will now be available on the initial choices screen, enabling investors to see funds&#39 charges over five years rather than just the current 10or 25-year options.

Despite persistent industry lobbying, the FSA says it still has no plans to include any measures of risk or past performance in the tables.

It says: “We have reviewed the indicators that are used for the current comparative tables and we do not see that we would need to change the current indicators for the expanded tables.”

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