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New type of fund emerges

Investors, spooked by the volatile markets, are turning to absolute-return funds; those launched by JP Morgan Asset Management and Franklin Templeton can be used to diversify portfolios.

SHARPLY volatile markets and an uncertain outlook are pushing investors towards alternative types of funds.

JP Morgan Asset Management has launched a new fund here, the Global Macro Opportunities Fund, which has an absolute return target of cash plus 7 per cent.

Olivia Mayell, the

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