The Investment Association (IA) is to shake up the way it presents fund data as the trade body seeks to “fully monitor” how UK investor behaviour affects fund management flows.
The trade body’s monthly sales figures, which currently present fund flows and other data based on fund domicile, will now reflect UK investor behaviour across all domiciles.
Sales statistics for UK-domiciled funds will have overseas investors’ moves deducted, while funds domiciled overseas will only show data relating to UK investors.
The changes, which come into force this week, are a response to the changing shape of UK and European fund flows, not least the Ucits directives allowing UK investors to buy funds domiciled in other European countries.
“By [only] focusing on UK-domiciled funds, we are not fully monitoring trends in UK investors’ habits within our membership,” the IA said.
The body’s monthly statistics, which are keenly monitored as a bellwether of investor interest, will be presented in a single document.
The IA’s data set has been backdated to January 2012 in the new format, to allow long-term trends to be monitored.
Data from before this time will be presented in the old format.
