Absolute return funds are on the road to worst-selling year ever

Most absolute return funds did not provide the crisis alpha that many investors expected in March, and are now likely to end 2020 with their highest ever annual outflows, says Morningstar.

Photo: Pexels: Kat Jayne.

Absolute return funds are on track to recording their worst-selling year to date after suffering from poor performances during the Covid-19 market shock, reports the

European investors withdrew a net EUR 18.6bn from absolute return funds during the first ten months of the year, according to Morningstar. This is just shy of the EUR 21.3bn which were withdrawn from the funds over the whole of 2019, making the sector likely to end 2020 with its highest-ever annual outflows, says Morningstar.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

After two years of preparation: Robur launches dark green prestige fund

Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch