London – A controversial plan to enable investment houses to share data on each other’s fund flows and analyse intermediary activity is under development by the Investment Management Association.
The Data Exchange project is intended to improve transparency between IMA members by supplying confidentially levels of gross sales and redemptions across each fund sector.
But a 12-member IMA committee has raised concern over the potential risks of making such sensitive information available. The disclosure of data during the reporting season could affect the share prices of listed companies. It has suggested a three-month delay in releasing the information.
