Battle of the absolute return funds: Invesco's answer to GARS one year on

Invesco Perpetual's Global Targeted Returns fund has pulled ahead of its main competitor in its first year of existence, prompting fund buyers to reconsider their options in the absolute return space.

Since launch last September, Invesco’s £410m GTR fund has made 8.6% to 13 August 2014, according to FE, while Standard Life Investments’ £22bn Global Absolute Return Strategies (GARS) has returned 5.8% over the same period. Year to date, the GTR fund has managed more than double the returns of its giant rival, returning 4.6% versus 1.9%. It has achieved this with lower volatility of 2.71% over six months versus 3.34% for GARS (compared to 10% volatility for the FTSE All Share index), although, since launch, volatility is essentially neck and neck. Both funds operate a large and div...