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Summit on fund sectors

A group of leading fund managers including Credit Suisse, Fidelity, Invesco Perpetual, M&G, Merrill Lynch, Schroders and Threadneedle are to meet the three major data providers to complain at the way their funds are classified.

Standard & Poor&#39s, Morningstar and Lipper are to meet 11 fund management firms next month. The firms are pushing for a formal review process to stop funds being put into incorrect sectors.

The companies say they have called the meeting as their individual efforts to raise the issue have been unsuccessful.

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Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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