Aviva Investors backs absolute return despite end of GARS and Invesco Global Targeted Returns

'Increased client interest'

Aviva Investors is still backing absolute return despite the fate of abrdn’s once-mighty Global Absolute Return Strategies (GARS) and Invesco’s Global Targeted Returns fund.

Following a strategic review, Invesco said on Wednesday (27 September) that it would be closing its Global Targeted Returns strategy after concluding that current demand for targeted return strategies had continued to diminish. The closure of the fund followed the announcement by abrdn this summer that GARS, a fellow absolute return peer, would cease operating as a standalone vehicle and be rolled over into the company's diversified asset funds after a strategic review. Invesco to close global targeted returns strategy in push to simplify multi-asset range Despite the downfall of b...