The IMA has launched an online review tool for the Targeted Absolute Return sector designed to help advisers and consumers find and compare funds.
The filtering tool, which went live on 3 December, allows users to compare funds which share similar characteristics.
The new "soft monitoring" data, designed as a starting point for those considering investing in Targeted Absolute Return, follows a review of the sector earlier this year.
One of the outcomes of that review saw the IMA emphasise that Absolute Return fund returns should not be compared to the sector as a whole, due to their disparate investment styles and timeframes.
"We have out together soft monitoring data on the Targeted Absolute Return sector to give clarity around what the funds are trying to achieve," said Jonathan Lipkin (pictured), director of public policy at the IMA.
"It is designed to shed more light on a sector that is different from the traditional sectors."
Formerly IMA Absolute Return, the sector was renamed IMA Targeted Absolute Return following February's review.
The renaming was designed to ensure that there was no doubt positive returns are targeted, not guaranteed by member funds.
The changes brought about by the review also saw the industry body overhaul its requirement for funds' performance to be assessed over rolling 12-month periods.
Under the new definitions, all funds in the sector must, at a minimum, target positive returns in any market conditions.
All funds in the sector must also state a timeframe over which they are aiming to meet their specified target. The target may not be longer than three years.
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