IMA's AR sector welcomed despite comparison issues

Latest sector to house 17 funds under loose absolute return criteria

The IMA's Absolute Return sector has met with general approval from advisers and fund managers, although it will not solve the problems of comparison between the vehicles. The sector has come about as a result of pressure from within the industry, with advisers and multi-managers finding it hard to select from absolute return funds dotted around the various sectors. Many of them, including BlackRock UK Absolute Alpha, were listed as unclassified. They were also near impossible to compare, with some sitting alongside unrelated funds. The sector will contain 17 funds, including six offe...