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The Investment Management Association (IMA) has announced the creation of a new fund sector. The sector is to be called IMA Absolute Return and will initially contain 17 funds.
The purpose of this sector is to give a home to a relatively
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Buy your fund from Hargreaves Lansdown and save up to 5.5% on the initial fund charges.
| Popular funds | Initial savings |
Buy fund |
|---|---|---|
| Neptune Income | 5.00% |  |
| First State Investments Greater China Growth | 3.75% | |
| INVESCO PERPETUAL Latin America | 5.00% | |
| Fidelity Sterling Bond | 3.00% | |
| % | |
Investment values can go down in value as well as up and you may get back less than the amount you invest.
Hargreaves Lansdown Asset Management Ltd. is authorised & regulated by the Financial Services Authority.
Investors should note that although the funds will aim for positive returns each year, this is by no means guaranteed and their value can fall as well as rise. In addition, some funds may have a base currency other than Sterling, so movements in the currency market will influence returns in those cases. This may result in a negative return in Sterling even though a positive return was made in, for example, Euros.
One of the initial constituents of the IMA Absolute Return sector will be the BlackRock UK Absolute Alpha Fund. This is currently our favourite fund in the sector and the only one to feature on the Wealth 150.
» Key Features of the BlackRock UK Absolute Alpha FundFund research is provided by Hargreaves Lansdown. Hargreaves Lansdown is an independent broker offering unit trust, stockbroking and other pension and investment services. No news or research item is a personal recommendation to deal.