Independent Absolute Return sector welcomed

They say the Trustnet’s alternative fund category provides a more useful “universe of comparison” as Absolute Return products currently sit in the IMA’s UK All Companies sector. Trustnet’s says the sector has been devised by Financial Express so retail investors and advisers can view and compare funds with similar goals. The IMA has rejected calls for a separate Absolute Return sector claiming there is not enough support for the idea. But Dan Kemp, head of fund research at Williams De Broë, says: “How refreshing that an independent has taken charge and created a viable benchmark for i...