Absolute return flows 'turning corner' but investors shun sector giants

Using FE data, Professional Adviser's sister brand Investment Week found an equally weighted portfolio of the five largest funds in the absolute return sector - which, with a combined AUM of £40.12bn, account for almost 50% of the sector's total AUM - has failed to outperform the basic rate of interest in the UK over the past three years, returning 1.13%.  Meanwhile, the IA Targeted Absolute Return sector average is up 4% over the same timeframe, having comfortably outperformed base interest rates.  When the five behemoths - Invesco Global Targeted Returns (UK), Standard Life Global A...