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 FT.com.
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 This is just shy of the EUR 21.3bn which were withdrawn from the funds over the whole of 2019, making the sector likely to end 2020 with its highest-ever annual outflows, says Morningstar.
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