Absolute return funds record best monthly net sales since 2009

The Absolute Return sector has topped the IMA's monthly sales charts for March, posting its best monthly net sales since December 2009.

The sector, which will be renamed Targeted Absolute Return once the IMA completes its long-running absolute return review, posted £334m of net sales in March. This is the first time the sector has topped the IMA's monthly net sales leaderboard since last September. The sector has been mired in controversy in recent years, as many funds have failed to achieve absolute returns, but net sales into the products have remained positive. In a close second place was the Mixed Investments 20-60% Shares sector, which recorded net sales of £245m, while Global Bonds came in third, posting a £2...