Trustnet and cru defy IMA

The sector is available on Trustnet’s website and lists funds which are delivering positive returns irrespective of how markets are performing. Demand for the creation of a new absolute return sector has risen in recent months but the IMA says there remains a lack of support for the idea. That contrasts with comments from John Maguire, cru chief executive officer, however, who says the new sector - ranking funds that achieve positive returns and also shows how long they have been performing - is a step forward for the retail industry. “People need to appreciate and understand the importa...