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IA broadens definition of UK and European smaller companies sectors
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Following a review across each of its smaller companies sectors, the industry body opted to shift the market capitalisation brackets for UK and European funds, while the IA Japanese Smaller Companies sector was closed in September 2023, and no change has been applied to the North American iteration. To qualify under the new IA UK Smaller Companies sector, a fund must hold at least 80% of assets in the smallest 15% of UK companies by market cap, an increase from the previous smallest 10% limit. To qualify under the new European Smaller Companies sector, funds must invest in European eq...
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