Insight Diversified Target Return fund is moving from the IMA Cautious Managed sector to the Absolute Return peer group to better reflect its investment process.
The shift comes after the IMA reviewed the wording for funds in the Absolute Return sector to include those with an annual return target. The move is effective immediately. Mike Pinggera, manager of the £200m multi-asset fund, says the fund's investment strategy will not change as a result of the sector shift. "We continue to target a rolling annual equity-like return over the investment cycle in the region of cash plus 4% over the long term." He says the sector was quite narrow a few years ago but has grown to include about 50 funds at present, and is now more appropriate and ...
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