Investment - Articles - IMA creates Global Equity Income Sector

 The Investment Management Association (IMA) today announces the creation of a Global Equity Income Sector which will come into effect from 1 January 2012.

 In July 2011 the IMA conducted a review of funds in existing IMA sectors that take income from non-UK equity. The review exposed the need for a Global Equity Income Sector and consultation with our members confirmed this. The sector will accommodate funds that place at least 80% of their assets in global equity.*

 The IMA are also exploring the possibility of creating a European Equity Income sector but at the present there are insufficient European Equity Income Funds to populate this sector. A potential European Equity Income sector will be reviewed once the universe of potentially eligible funds increases.