Targeted AR funds haemorrhage assets despite solid returns

While 35 absolute return funds increased their AUM over the past 12 months by a total of £2.8bn, 44 funds in the same UT sector have shrunk by more than £17.5bn.  Out of the 44 funds that shrank in size, however, lacklustre returns only played a part in seven of the vehicle's shrinking assets. Positive performance of the remaining 37 funds alone contributed a total of £3.7bn to their assets under management. Head-to-Head: Structured products vs absolute return funds However, this was dwarfed by investors pulling a grand sum of £16.5bn out of the investment vehicles. The f...