Articles - IMA appoints Morningstar UK to monitor sectors


 Today the Investment Management Association (IMA) announced the appointment of Morningstar UK to monitor funds classified to the IMA sectors.
  
 Following a competitive tender process, Morningstar UK replaces Lipper as the appointed IMA sector monitoring company, effective from 1st October 2011.
 Morningstar UK will provide an analysis of the portfolio holdings of each fund in the IMA sectors to ensure each fund meets the parameters of the sector and is comparable with other funds in that sector. Morningstar UK will also alert the IMA to any breaches, where a fund's holdings fail to meet sector requirements.
 In addition, the IMA will work with Morningstar UK and member firms to develop reporting and analysis for monitoring funds that use derivatives.
  
 Jane Lowe, Director of Markets at the IMA, said:
 "We look forward to working with Morningstar to ensure the continuing integrity of the sector classification scheme.
 "Our original motive for putting out a tender was to get new ideas. Morningstar impressed us with their innovative thinking, particularly in assessing those funds that use derivatives."

Back to Index


Similar News to this Story

Devolution and LGR governance implications for the LGPS
2025 has got off to a hectic start for the LGPS with the ‘Fit for the Future’ consultation and planning for the year(s) ahead. That’s going to continu
Four key issues HMRC must fix on IHT in pension proposals
I believe there are four key issues that HMRC need to address in their proposals on how to apply inheritance tax (IHT) to pension benefits. The change
Driving the Sustainability Challenge in Claims
Join us for this MGAA Market Briefing delivered by Sedgwick. The session is delivered by Ian Gibb, National Technical Manager who explores how climat

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.