{"id":4405,"date":"2006-05-10T00:00:00","date_gmt":"2006-05-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"funds-of-funds-reach-record-level","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/funds-of-funds-reach-record-level.html","title":{"rendered":"Funds of Funds reach record level"},"content":{"rendered":"<div>  FT Adviser &#8211; Figures produced by the IMA (Investment Management Association) revealed in the first three months of this year that the industry achieved total investment funds under management of  \u00c3\u201a\u00c2\u00a3382bn and net retail sales of funds of funds of \u00c3\u201a\u00c2\u00a3889m.<\/div>\n<p><\/p>\n<div>  Richard Saunders, chief executive of the IMA, said: \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThey [funds of funds] continue to increase in popularity and are now running at about 20% of all fund sales.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/div>\n<p><\/p>\n<div>  The figures also showed balanced funds accounted for the majority of funds under management, representing 69% of assets, followed by 19% in equities.<\/div>\n<p><\/p>\n<div>  Tracker funds under management in the first quarter of 2006 reached almost \u00c3\u201a\u00c2\u00a324bn, an increase of 11% from the fourth quarter of last year and 46% from the \u00c3\u201a\u00c2\u00a316bn in the first quarter of 2005.<\/div>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/4-0&amp;fd=R&amp;url=http:\/\/ftadviser.com\/%3Fm%3D11173%26amid%3D95171&amp;cid=1106397440&amp;ei=A5VhRLL9Koz8oQL-1pWgBA\">Read CompleteArticle<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT Adviser &#8211; Figures produced by the IMA (Investment Management Association) revealed in the first three months of this year that the industry achieved total investment funds under management of \u00c3\u201a\u00c2\u00a3382bn and net retail sales of funds of funds of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4405","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4405"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4405\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}