Best seller: Reassessing absolute return funds

What has caused investors to revisit absolute return funds?

Laura Miller
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UK investors put the most money into absolute return funds for over four years in January, according to the latest available figures. Laura Miller investigates what is behind the surge

Absolute return funds are enjoying a resurgence. Figures from the Investment Management Association (IMA) reveal the Targeted Absolute Return sector was the best-seller in January, raking in £343m of net retail sales. The figure was the sector's highest since December 2009 and near double its monthly average over the previous 12 months of £184m. So what's behind this rush of money into absolute return funds? Premier director of multi-asset David Hambidge suspects part of the answer is that the sector has been a beneficiary of bond sector outflows. Money certainly is leaving fixed i...

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