Absolute Return funds top IMA sales charts in January

UK investors put the most money into Absolute Return funds for over four years in January, as retail investors re-evaluated their equity exposure.

The latest figures from the Investment Management Association (IMA) revealed 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. It is not only retail investors favouring Absolute Return mandates. Following the sharp climb in valuations seen in 2013, Investment Week revealed earlier this week a number of the UK's leading multi-managers and asset allocators were also shifting in to the sector. However, ...