The Targeted Absolute Return sector was the best-selling IMA sector in May, with £255 million in net retail sales, well above its average figure for the year.
Figures released by the IMA this month show sales in the sector were well above their six-month average of £97m. The figures come after an overhaul of the sector which was renamed from Absolute Return in February. Despite criticisms of funds in the sector - some of which have failed to meet expectations - the sector has proved particularly popular recently as investor seek to protect gains made earlier in the year. Mixed Investment 20-60% Shares sector was the second best-selling sector, with net retail sales of £231m, with the £ Strategic Bond sector the third best, with sales of ...
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