HL comment
Our view on this Fund
Philip Gibbs's strategy remains largely unchanged and he continues to position the fund cautiously. There has been improved performance over recent months, and profits have been taken following the strong performance of the Swiss franc. Exposure to Australian government bonds with attractive yields has been maintained, and Philip Gibbs continues to believe the Norwegian krone looks undervalued given the health of Norway's government finances.
14-11-2011
Information from the fund manager
Simplified prospectus/Key Investor Information
Document
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL sector comment: Absolute Return
Our view on this sector
The sector continues to offer mixed returns. Some funds performed well in the first half of 2010, but poorly in the second, and others vice versa. This trend has continued into 2011. This disparity in performance is not uncommon, and investors might therefore wish to consider holding a selection of funds within this sector. Absolute return funds rely on diversity in the market, as if all stocks move up and down together many strategies don't work. Recently we have seen more of a divergence, and this could lead to improved returns across the sector.
13-12-2011
