Morningstar scraps absolute return category

The absolute return funds will slot into one of eighteen newly created alternative investment categories, which Morningstar said will provide investors with more transparency. Christopher Traulsen, the group's director of European and Asian fund research, said it will now be easier for investors to research funds. "Absolute Return as a fund category definition has become too associated with a broader industry marketing term that has made performance promises that have often failed to deliver," said Traulsen. "To make our categories more useful and transparent to investors, we revie...