1.4bn absolute return fund: The market has been this polarised only twice before
James Clunie says one of his best picks has been Kraft Heinz, whose shares have collapsed recently
Absolute return funds are supposed to be a hedge for investors: they should be relatively immune from the ups and downs of the wider market. But recent strong gains in share prices have actually harmed the performance of the Jupiter Absolute Return fund.
The 1.4bn fund aims to make a positive return for investors over any three-year period but, while it has done that for many years, its particular style of investing has seen it fall behind this target recently as the stock market has risen.
Over the past three years it has lost 2.5pc and the past 12 months have proved particularly difficult, with a 6.1pc fall. Despite this, the fund remains on ourDefensive 10 list of fundsfor cautious investors….
If you would like to add a comment, please register or log in
Bored with Brexit? Look to Modis India to grow your cash
Warning over car boot counterfeit surge this bank holiday
Shield 975,000 from inheritance tax with this little-known trick
Katie Morley Investigates: New Volvo XC90 with faulty brakes could have killed my family
Beware the car rental firms charging seven times more for insurance
Scam victims left unprotected as banks will miss launch of refund code
Pension calculator: how much will you have to retire on?
My flat is in disrepair and my landlord is doing nothing. What can I do?
Mrs Thatcher knew the magic of tax cuts a Corbyn government would be a disaster
Questor: Royal Mail inflicts a dividend cut on the Income Portfolio. Do we sell the shares or hold on?
Government launches investigation into failed mini-bond firm LCF
Applying for a mortgage? Be prepared to answer these 28 questions
Live in Mary Berrys old classroom: why converted schools make great homes
Telegraph Defensive 10: our favourite investment funds for protection in falling markets
Interiors tips: how to turn your soulless new-build into real home
Tax hacks: ignore the outrage, personal companies are a useful (and legal) way to cut tax
Landlord exodus: half threaten to quit over tenant eviction ban
Questor: this well-managed trust has just raised its dividend. So why are we selling?
Barclays and Santander customers suffer most service disruptions: where does your bank rank?
Tesco Bank must spare its customers from a life sentence in mortgage prison
Moral Money: My grans will favours men over women. Can we ignore it?
We rely on advertising to help fund our award-winning journalism.
We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.