Investors are increasingly looking for ways to protect portfolios, as the market sell off - which began in October - shows little sign of abating. The large multi-asset macro absolute return funds, which many have been relying on for support in these sorts of circumstances, have largely been a disappointment only increasing the urgency of the search.
In our view there are a number of interesting options in the closed-ended space, which may have flown under the radar. We take a look under the bonnet to try to discover why the “GARS” of this world have struggled and identify some possible closed-end alternatives.