Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

19 December 2012

Investment Management Association issues guidance on past performance presentation for RDR share classes


The Investment Management Association (IMA) has issued guidance to its members on the presentation of past performance for RDR share classes, effective from 1 January 2013.

In the absence of regulatory guidance and in the interests of trying to limit variations in approach, the IMA has proposed that asset managers extend the track record for existing retail share classes to the new RDR share classes. This means retaining the impact of higher fees of existing classes on performance data.

The guidance will encourage a consistent approach amongst asset managers in the way they report past performance for RDR share classes to investors.  

Jane Lowe, IMA’s Director of Markets, said: “Current ESMA rules leave it to individual asset managers to choose how they present past performance information for the new RDR share classes. However it’s important that the industry adopts a consistent methodology for presenting the data.

The guidance also retains the data vendors’ existing calculation methodology for IMA sector averages of using the highest retail fee share class as the primary share class. The IMA will review this methodology in 2013.

 

Pres release

Full guidance



© IMA


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment