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Darius McDermott: "Performance has not been what investors expected on the whole and, as a consequence, they have left in their droves with the sector top of the list for largest outflows in both 2019 and 2020."
Darius McDermott looks at the 'maligned' world of absolute return funds which, he says, may need to bin the word 'absolute'. However, he adds investors could miss a trick next year by not cutting through the noise to find some defensive options...
It's hard to call a sector maligned when it has almost £50bn of assets under management - but it's precisely how I'd describe Targeted Absolute Return funds. They were the sugar-coated pill to come...
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