Calls to subdivide Absolute Return sector

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...