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Laxman Pai, Opalesque Asia: Just seven of the 78 targeted absolute return funds in the IA Targeted Absolute Return sector have consistently achieved positive gains in the past three years, said a report.
Trustnet, UK's leading investment fund news, looked at the IA Targeted Absolute Return sector to see which funds have achieved positive returns for investors. Looking at the 12-month track record for these funds in each of the past 24 months - the same metric used by the trade body Investment Association to compare the funds' performance.
Two behemoths of the sector appeared on the list. First is the GBP1.7bn Jupiter Merian Global Equity Absolute Return fund managed by Amadeo Alentorn and Ian Heslop.
"A market neutral long/short portfolio, the managers invest in 466 global companies using the team's systemic equities approach, which tilts the portfolio between different investment styles depending on the trends within the market," the report said.
According to the report, this is coupled with 318 short positions, which are used to mitigate the volatility of the market and give the managers more ways to generate returns. It has been the best performer of the group, returning 28.5% over the past three years, as the below chart shows, and has the second-lowest fees with an ongoing charges figure (OCF) of 0.83%.
The other giant of the sector on the list is the GBP1.7bn Man GLG Alpha Select Alternative fund managed by Charles Long. It invests pri...................... To view our full article Click here
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