IMA declares funds must remain within Absolute Return sector for 12 months

The IMA has placed a 12-month ban on funds moving from the Absolute Return sector, unless there is a...

The IMA has placed a 12-month ban on funds moving from the Absolute Return sector, unless there is a mandate change. Investment Week understands several groups have recently tried to move funds out of the sector, popular with investors over the summer, as they have failed to meet the performance criteria. The peer group was launched in April for funds managed with the aim of producing above zero returns in all market conditions. However, in the past three months, only three of the 11-strong sector have produced a positive return - Threadneedle Absolute Return, SG Total Return Bond and...