Calls to subdivide Absolute Return sector

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Cazenove director of UK advisory sales Robert Thorpe is urging the IMA to consider splitting up the Absolute Return sector to make comparisons for advisers easier as inflows into the funds soar.

The IMA Absolute Return sector led net retail fund sales for the first time in over a year in September, with Cazenove attributing the rise to growing adviser use of the funds as core client holdings. Breaking the 10-month dominance of corporate bonds, the Absolute Return sector saw a £442.4m net inflow over the month, almost double the figure recorded in August. The sales boost came as the IMA revealed net inflows reached £18.7bn for the first nine months of the year, a new yearly record. Thorpe says it is now down to the IMA to break up the sector for comparative purposes. "Wh...

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