Best seller: Reassessing absolute return funds

Absolute return funds are enjoying a resurgence. Figures from the Investment Management Association (IMA) reveal the Targeted Absolute Return sector was the best-seller in January, raking in £343m of net retail sales. The figure was the sector's highest since December 2009 and near double its monthly average over the previous 12 months of £184m. So what's behind this rush of money into absolute return funds? Premier director of multi-asset David Hambidge suspects part of the answer is that the sector has been a beneficiary of bond sector outflows. Money certainly is leaving fixed i...