Standard Life's Global Absolute Return Strategies fund has dropped out of the top ten highest inflows on Fidelity FundsNetwork, according to data from the platform.
The fund is one of the largest in any IMA sector, with assets under mangement of £13.1bn. However, it has been declining in popularity on FundsNetwork, one of the UK's largest investment platforms. GARS was 8th in Fidelity's top ten adviser sales in July, before falling to tenth in August and September. In October, it fell from the top ten all together, according to tables released today. Paul Richards, deputy head of FundsNetwork said absolute return funds in general may "have fallen out of favour, as they dropped out of both the top ten sales and top ten sector list. "Inste...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
