If the fund management industry exists to provide its end customers with attractive savings products then any fund that can combine the preservation of hard earned capital with asymmetrical participation in market upside is intrinsically desirable. The problem for the industry is that traditional equity funds are designed to be fully invested, with an aim of delivering market beating returns, and that the equity market is just too volatile: demanding either market timing or a long-term investment…
‘The Argonaut Absolute Return Fund and 10 Absolute Return Myths’
29 Jan 2014
Posted by Barry Norris