Despite what some providers would like you to believe, there is nothing mystical or even that new about the concept of 'absolute' return funds - they have been around in one form or another since the advent of pooled funds.
In recent years, absolute return funds have been presented as some kind of new concept in the fundmanagement industry, but in essence, the idea behind such funds lies at the core of what all fund managers should be attempting to do for their clients: to strive to deliver a positive real (inflation adjusted) total return over a reasonable timescale. If a return is not an absolute one, it is ultimately of little use. Investment managers ultimately exist to make the nation's savings grow in real terms. That said, this decade has seen a rash of absolute return funds launched and this is inde...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
