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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.
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Genevieve Cua
Published Tue, Mar 1, 2016 · 09:50 PM
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 firm's managing director, said banks and distributors are looking for more absolute return funds, and this is something investors seemed to need.
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