Standard Life's Global Absolute Return Strategies fund has dropped out of the top ten highest inflows on Fidelity FundsNetwork, according to data from the platform.
The fund is one of the largest in any IMA sector, with assets under mangement of £13.1bn. However, it has been declining in popularity on FundsNetwork, one of the UK's largest investment platforms. GARS was 8th in Fidelity's top ten adviser sales in July, before falling to tenth in August and September. In October, it fell from the top ten all together, according to tables released today. Paul Richards, deputy head of FundsNetwork said absolute return funds in general may "have fallen out of favour, as they dropped out of both the top ten sales and top ten sector list. "Inste...
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