SLI Gars follows tide of global money chasing EM
Emerging market ETFs record largest monthly inflow in January
Emerging market ETFs record largest monthly inflow in January
Advisers query troubled fund’s presence across portfolios
Morningstar uncertain whether team can execute the long-term strategy
Mega absolute return fund down 5.77% year-to-date
Appetite still high despite underperformance and recent Gam fiasco
Targeted Absolute Return recently re-emerged as the best-selling Investment Association sector
Standard Life Investment’s Global Absolute Return Strategy (Gars) has admitted prepping too early for the end of the cycle and vented about the level of media attention on its multi-billion pound outflows.
Standard Life Investments has added an oil majors versus global equities strategy to its Global Absolute Return Strategies to exploit rising commodities prices.
As 2017 comes to an end, FE has listed the funds that advisers have favoured and shunned over the past year.
Whitechurch Securities has severed all ties with Standard Life Investments’ Global Absolute Return Strategies after holding the multi-asset fund for 10 years.
Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
Absolute return offerings from Aviva Investors, Standard Life Investments and Invesco Perpetual have endured a rocky start to 2017, and RBC Capital Markets forecasts further outflows for GARS in particular.