Absolute return funds 'not faultless'
The volatile markets and negative returns should not put off investors in absolute returns funds, an investments expert has said.Dan Mannix, head of sales at RWC Partners, pointed out that any investment that was not totally risk-free had the potential to lose money some months.Exceptionally large falls on stock markets have been seen over recent weeks, with the FTSE 100 dropping by over 21 per cent in a single five-day period.Mr Mannix said: "There is no strategy that works faultlessly. The problem comes when investors expect absolute return funds not to make a monthly loss."He added: "An absolute return fund should provide significant downside protection, but that does not necessarily mean it will never lose money. You can't make returns over the risk-free rate without taking risk."RWC Partners is an asset managers, based in the UK.
Share this..
Related stories
Six million Brits caught out by ignoring small print
Over half of all UK adults fail to read the small print when purchasing financial or electrical products, a survey has revealed.The research by price comparison website Go Compare shows that six million people have had difficulties after not paying attention to terms and conditions.One of the main products where this problem is particularly notable is when people find that they are not covered ade...
Read MoreCash machines 'give out £18m an hour'
Every hour cash machines in Britain give out £18 million, equating to £3 million every ten minutes, new figures have revealed. Statistics released by the British Bankers' Association (BBA) also found that banks, in addition to providing cash to Britons, have a wider role in promoting economic stability. Banks approve more than £4 billion in mortgages every ten minutes, a period in which they al...
Read MoreThird of UK people fell below poverty line
21/05/2015 Almost a third of people in the UK fell below the poverty line between 2010 and 2013, official figures from the Office for National Statistics (ONS) show. Almost 19.3 million people, or 33%, were in poverty at least once in the three years to 2013. This is compared to the average of 25% of people across the EU. In regards to "persistent income poverty” the figure was 7.9% of...
Read MoreRDA Costing £15 Billion Fail To Deliver
News that the Labour governments flagship Regional Development Agencies (RDAs) are failing to deliver has blown another hole in the credibility for the authorities. News that £15 billion of taxpayer's money has been spent on RDAs since 1999 - equating to £600 per UK household - has prompted some rather disparaging headlines in the press.
Research by the Taxpayers Alliances claims...
Mortgage approvals fall by 16%
25/11/2014 Mortgage approvals have fallen by 16% in the last 12 months, providing further evidence that the housing market is slowing down, according to the British Banking Association (BBA). BBA said that a total of 37,076 mortgages were approved in October this year, which is the lowest figure for 17 months. Additionally, the total value of these mortgages was around £6bn, which is a 13%...
Read More