Wealth managers reveal their absolute return funds worth backing

The Absolute Return sector - soon to be renamed Targeted Absolute Return - has often divided investors, particularly during down markets when some funds have failed to deliver a positive return.

The idea - as the name suggests - that they will deliver a return regardless of market conditions has been proved wrong one too many times for some investors, but wealth managers say there are still a few hidden gems in the sector. Here are their top picks: Darius McDermott, managing director at Chelsea Financial Services "There are still some good funds in the sector, and they do particularly well when equities are strong. We look for funds with low correlation to equities and a low volatility. "We currently hold the Standard Life Global Absolute Return Strategies (GARS) fund, ...