Absolute return funds - the new sector explained

What is an absolute return fund? The objective of an absolute return fund is to deliver positive re...

What is an absolute return fund? The objective of an absolute return fund is to deliver positive returns in any market condition. This contrasts with a relative return strategy of traditional equity funds which aim to outperform a benchmark index. Absolute return funds aim to achieve their goals by investing in a variety of strategies and asset classes. In addition, they can also have exposure to derivatives such as contracts for differences (CFDs). Some of these allow fund managers to take positions which could potentially make money even when markets fall. Are they new? I haven't hear...