Are absolute return funds the next mis-selling scandal?

Paul Feeney Head of international distribution, BNY Mellon Asset Management   Providing clear and transparent guidance to investors to help them understand the difference between all funds in the sector is paramount. It is particularly important to emphasise to customers the absolute return objective is not over all time periods and, like any target, there are circumstances where this may not be achieved. At BNY Mellon we would support a reorganisation of the IMA Absolute Return sector into two classifications: funds that aim for absolute returns over, say, a 12-month period, an...