SLI GARS' credit positions push Q3 performance back into positive territory

Seen two quarters of negative returns

Standard Life Investments' flagship Global Absolute Return Strategies fund has returned to positive quarterly performance in Q3 after two quarters of negative returns.

In the three months to 30 September, the £26.5bn fund returned 0.5% compared to falls of 3.2% and 1.2% in Q1 and Q2 respectively. However, it remains down 3.6% over the past 12 months versus returns of 1.6% by the IA Targeted Absolute Return sector, according to FE. In total, the number of positive contributors outweighed those which were negative, a reversal of the previous quarter. Some 17 strategies performed positively and 14 made a negative contribution. Brexit shock hits SLI GARS in second quarter of 2016 In an investor update from multi-asset investment director Adam Rudd...